A publishing company invested $50,000 in an investment fund that was growing at a rate of 4%
Question:
A publishing company invested $50,000 in an investment fund that was growing at a rate of 4% compounded monthly. After one year, the company deposited an additional $30,000 in the same fund. Calculate the balance in the fund at the end of three years (two years after the additional deposit).
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Related Book For 
Mathematics Of Business And Finance
ISBN: 9781927737545
4th Edition
Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans
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