Your daughter just gave birth to a baby. You are going to invest ?$20,000 to help pay for college. Your broker offers you two investment? choices: (1) a portfolio of stocks that is expected to earn a growth rate of 9%; or? (2) a portfolio of government bonds that will earn a rate of 3% per year. How much will be in the account after 10 years under each investment? choice?
?(1) The amount in the account after 10 ?years, if invested in a portfolio of? stocks, is ? ?(Round to the nearest? cent.)
?(2) The amount in the account after 10 years, if invested in a portfolio of government? bonds, is ?