Problem:
What will be the balance in 25 years of an investment plan that requires year-end contribution of $1000 for 25 years if it earns 7.5% compounded annually for the first 10 years and 8% compounded annually thereafter?
Additional Information:
This question is basically belongs to the Finance and it explains about computing the balance of an investment plan where $1000 per year needs to be paid for 25 years.