You have $10,000 you want to invest for the next 20 years. You are offered an investment plan that will pay 8% per year for the next 10 years and 12% per year for the last 10 years. How much will your investment be worth at the end of 20 years?
a)Approximately $72,983
b)Approximately $85,476
c)Approximately $98,345
d)Approximately $63,420