Question
An investment of $4,250 earns interest at 3.6% per-annum compounded quarterly for 3 years. At that time the interest rate is changed to 4.8% compounded
An investment of $4,250 earns interest at 3.6% per-annum compounded quarterly for 3 years. At that time the interest rate is changed to 4.8% compounded semi-annually.
How much will the accumulated value be 6 years after the change of rate?
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Geometry
Authors: David A Brannan, Matthew F Esplen, Jeremy J Gray
1st Edition
1107299292, 9781107299290
