3 Part Question

Red Company invested $10,000 in a fund that was earning interest at a rate of 2.00% compounded semi-annually. After 2 years and 9 months, the company transferred these funds to another investment that was earning interest at 3.50% compounded monthly.

a.What is the balance in the fund at the end of 2 years and 9 months?

PLEASE ROUND TO THE NEAREST CENT

b.What is the balance in the fund at the end of 5 years (from the initial investment)?

PLEASE ROUND TO THE NEAREST CENT

c.By what amount did the fund grow during the 5 year period?

PLEASE ROUND TO THE NEAREST CENT