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An investment of $ 1 3 , 0 0 0 was growing at 5 . 5 % compounded semi - annually. a . Calculate the

An investment of $13,000 was growing at 5.5% compounded semi-annually. a. Calculate the maturity value of this investment at the end of year 1. Round to the nearest cent b. If the interest rate changed to 6% compounded monthly at the end of year 1, calculate the maturity value of this investment at the end of year 5.

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