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An investment of $4692.42 earns interest at 5.6% per annum compounded annually for 2 years. At that time the interest rate is changed to 19.8%

An investment of

$4692.42

earns interest at

5.6%

per annum compounded

annually

for

2

years. At that time the interest rate is changed to

19.8%

compounded

monthly.

How much will the accumulated value be

3.5

years after the change?

The accumulated value is

$enter your response here.

(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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