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You Have $12,500 You Want to Invest for the Next

Question 42

Multiple Choice

You have $12,500 you want to invest for the next 30 years.You are offered an investment plan that will pay you 7 percent per year for the next 10 years and 9.5 percent per year for the last 20 years.How much will you have at the end of the 45 years?


A) $101,516.38
B) $119,874.49
C) $151,018.51
D) $190,253.91
E) $209,092.54

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