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ix years ago you invested $50,000 in a money market fund. The fund earned 7.50% compounded quarterly for the first 3 years and 8% compounded

ix years ago you invested $50,000 in a money market fund.

The fund earned 7.50% compounded quarterly for the first 3 years and 8% compounded monthly for the next 2 years.

In the 6th year, the money market fund decreased in value by 25% (from its value at the end of year 5).

How much is your investment worth at the end of 8 years?

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