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3. You invest $500 in a mutual fund at the end of each month from 2019 to 2043, inclusive. You stop investing after January 1,
3. You invest $500 in a mutual fund at the end of each month from 2019 to 2043, inclusive. You stop investing after January 1, 2014 and the blanche in the account continues to accumulate. What is the account balance on December 31, 2050 if the nominal annual rate is 10% compounded monthly? 12pts) 4. You invest $200 in a mutual fund at the end of each month from 2019 to 2043, inclusive. The nominal annual rate is 8% compounded quarterly from January 1, 2019 to December 31, 2028. The nominal annual rate is 12% compounded quarterly from January 1, 2029 to December 31, 2013. Find the account balance on December 31, 2043 2pts
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