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A company deposited $13,000 into an investment fund at the beginning of every quarter for 5 years. It then stopped making deposits into the fund
A company deposited $13,000 into an investment fund at the beginning of every quarter for 5 years. It then stopped making deposits into the fund and allowed the investment to grow for 3 more years. The fund was growing at 4.50% compounded monthly a. What was the accumulated value of the fund at the end of 5 years? Round to the nearest cent b. What was the accumulated value of the fund at the end of 8 years? Round to the nearest cent c. What was the amount of interest earned over the 8-year period? Round to the nearest cent SALE DOOD
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