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An investment of $2500 is accumulated at 5% compounded quarterly for two and a half years. At that time the interest rate is changed to
An investment of $2500 is accumulated at 5% compounded quarterly for two and a half years. At that time the interest rate is changed to 6% compounded monthly. How much is the investment worth two years after the change in interest rate?
Use six decimal places for intermediate calculations and round the final answer to 2 decimal places (e.g., $0.00)
Be sure to show the financial calculator inputs for PY, I, PV, CY, N, FV and PMT. Show the work for each calculation
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