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An investment of $4500 is made with the following accumulation rates: 1) an interest rate of 5% compounded semi-annually for the first three years, 2)
An investment of $4500 is made with the following accumulation rates:
1) an interest rate of 5% compounded semi-annually for the first three years,
2) a discount rate of 4.8% compounded quarterly for the next five years,
3) and a simple interest rate of 4.2% for the last two years.
If no deposits or withdrawals are made, what is the investment worth at the end of the 10 years?
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