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Next Page Page 10 of 1 Question 10 (10 points) $8.970 was invested at 6.7%, compounded semi-annually for 14 years and then at 34%, compounded

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Next Page Page 10 of 1 Question 10 (10 points) $8.970 was invested at 6.7%, compounded semi-annually for 14 years and then at 34%, compounded monthly for 4 years. Part A: How much will the $8,970 investment be worth at the end of the 6th year? Part B: What was the nominal average rate of return, compounded quarterly, earned over the entire 6 year period? Next Page Page 10 of 13

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