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An investment of $11,400 earns interest at 2.3% compounded semi-annually from Sept 1, 2012 to Oct. 1. 2013. At that time, the interest rate changes
An investment of $11,400 earns interest at 2.3% compounded semi-annually from Sept 1, 2012 to Oct. 1. 2013. At that time, the interest rate changes to 2.62% compounded monthly until Feb 1, 2016. Find the total amount of interest the investment earns (Hint: REMEMBER N= NO. OF COMPOUNDING PERIODS SO DO NOT USE DAYS USE MONTHS) Format BIU- N I/Y P/Y S OBI
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