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Calculate the accumulated value of an investment of 8,500 after 7 years assuming the rate of interest is 4.5% p.a. compounded semi-annually for the first
Calculate the accumulated value of an investment of 8,500 after 7 years assuming the rate of interest is 4.5% p.a. compounded semi-annually for the first 3 years, the rate of discount is 7.5% p.a. compounded weekly for the next 2 years and force of interest is 7% for the final 2 years. Answer to the nearest cent. 9910.87
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