Part 1 Tyler wants to have $25,000 in 25 years. He can only get 2.8% interest compounded quarterly. His bank will guarantee the rate for either 6 years or 8 years. • In 6 years, he will probably get a...

Extracted text: Part 1 Tyler wants to have $25,000 in 25 years. He can only get 2.8% interest compounded quarterly. His bank will guarantee the rate for either 6 years or 8 years. • In 6 years, he will probably get a 4.7%/a compounded quarterly for the remainder of the term. • In 8 years, he will probably get a 4.8%/a compounded quarterly for the remainder of the term. Which is the better investment option? 6 year 8 year Question 4 Part 2 Tyler wants to have $25,000 in 25 years. He can only get 2.8% interest compounded quarterly. His bank will guarantee the rate for either 6 years or 8 years. • In 6 years, he will probably get a 4.7%/a compounded quarterly for the remainder of the term. • In 8 years, he will probably get a 4.8%/a compounded quarterly for the remainder of the term. How much does Tyler need to invest?