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5. Janet and Trish are both 35 years old but have been investing different amounts of money for different lengths of time. a) Determine the
5. Janet and Trish are both 35 years old but have been investing different amounts of money for different lengths of time. a) Determine the total value of each of the above investments. (9 marks) Janet's portfolio: Janet saved $15 each month for 12 years at an average interest rate of 3.6 % compounded monthly until she was 25. Then she reinvested the entire amount at 3.8 % compounded monthly for 10 years. Trish's portfolio: Trish has been depositing $18 each month for the past 10 years into a savings account that earns an average annual interest rate of 3.8 % compounded monthly
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