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QUESTION
You have $20,000 you want to invest for the next 40 years.
You have $20,000 you want to invest for the next 40 years.You are offered an investment plan that willpay you 7 percent per year for the next 20 years, and 11 percent per year for the last 20 years,compounded semiannually.How much will you have at the end of 40 years?How much would you have if the 11% was earned in the first 20 years, and the 7%in the last 20 years?What is the present value of your investment?What was the APR for the first 20 years and the last 20 years?How much total interest did you earn during the 40 year period?
