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11. $1,000 is invested for 20 years. For years 1-5, the investment rate is i(2)=11%. For years 6-10, the investment rate is 8

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Answer #1
Accumulated Value of the investment at the end                   6,379.51

Please find below table useful to compute desired results: -

Α 1 Years Investment Rate Value of Investment 20 1000 31 =11/100 =C2*(1+B3) 42 1=11/100 =C3*(1+B4) 53 I=11/100 =C4*(1+B5) 6 4

End results would be as follows:-

1 А в Years Investment Rate Value of Investment 1,000.00 11% 1,110.00 11% 1.232.10 11% 1,367.63 11% 1,518.07 11% 1,685.06 6%

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