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Complete parts (a)-(c) below for an investment of $1262.50 compounded annually with a 7.25% APR Use the Compund Interest Formula (Business Math Version) to
Complete parts (a)-(c) below for an investment of $1262.50 compounded annually with a 7.25% APR Use the Compund Interest Formula (Business Math Version) to find the future value of the investment for the given number of years. FV P(1+i)" where P Principal, irate per period, n = total number of periods (a) Find the Period Interest Rate of the investment (Type a decimal rounded to 5 places as needed.) (b) Find the value of the investment after 2 years n FV=5 (Round to the nearest cent as needed.) (c) Find the value of the investment after 3 and a half years n = FV $ (Round to the nearest cent as needed)
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