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An investment with an initial deposit of $4,915 is growing at an interest rate of 6.98% compounded quarterly. Round all answers to two decimal places
An investment with an initial deposit of $4,915 is growing at an interest rate of 6.98% compounded quarterly. Round all answers to two decimal places if necessary. 1. Find the accumulated amount of the investment at the end of 2 years. PNY = C/Y = N= I/Y = % PV = $ PMT = $ FV = $ 2. The interest rate changes to 6.58% compounded semi-annually after the first 2 years. Calculate the accumulated amount in this investment at the end of 6 years. P/Y = C/Y = N= I/Y = % PV = $ PMT = $ FV = $ 3. Find the total amount of interest accumulated during the entire 6 years of the investment. Total Interest = $ (enter a positive value)
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