Question
Kristen deposited $45,000 in an investment fund that was growing at a rate of 6.00% compounded quarterly, for a period of 3 years and 9
Kristen deposited $45,000 in an investment fund that was growing at a rate of 6.00% compounded quarterly, for a period of 3 years and 9 months.
a.What is the accumulated value of the investment at the end of 3 years and 9 months?
PLEASE ROUND TO THE NEAREST CENT
b.What is the amount of interest earned from this investment?
PLEASE ROUND TO THE NEAREST CENT
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MIS Management Information Systems
Authors: Hossein Bidgoli
8th edition
978-1337406932, 1337406937, 978-1337406925, 1337406929, 978-0357004357
