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An investment of $3760.97 earns interest at 5% per annum compounded quarterly for 3 years. At that time the interest rate is changed to 13.8%
An investment of $3760.97 earns interest at 5% per annum compounded quarterly for 3 years. At that time the interest rate is changed to 13.8% compounded monthly. How much will the accumulated value be 1.5 years after thechange?
The accumulated value is $
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places asneeded.)
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