Question
An investment with an initial deposit of $7,474 is growing at an interest rate of 3.91% compounded monthly. Round all answers to two decimal places
An investment with an initial deposit of $7,474 is growing at an interest rate of 3.91% compounded monthly. Round all answers to two decimal places where necessary. 1. Find the accumulated amount of the investment at the end of 3 years. P/Y = C/Y = N = I/Y = % PV = $ PMT = $ FV = $ 2. At the end of the 3 years, the interest rate changes to 8.52% compounded semi-annually. Calculate the accumulated amount in this investment at the end of 7 years from the initial deposit of $7,474.
P/Y = C/Y = N = I/Y = % PV = $ PMT = $ FV = $ 3. Find the total amount of interest accumulated during the entire 7 years of the investment. Total Interest = $ (enter a positive value)
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