1.A deposit of $4,500 is made into an account which is earning interest at 4.5% compounded quarterly.After three-and-a-half years the interest rate changes to 4.2%
1.A deposit of $4,500 is made into an account which is earning interest at 4.5% compounded quarterly.After three-and-a-half years the interest rate changes to 4.2% compounded monthly.
a)How much will be in the account 4 years after the interest rate change?You must include a timeline for full marks.
b) How much interest will Daljit have earned on her initial deposit?
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Authors: Robert A.Weigand
1st edition
978-111863091, 1118630912, 978-1118630914
