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ompany deposited $9,500 into an investment fund at the beginning of every quarter for 3 years. It then stopped making deposits into the fund and
ompany deposited $9,500 into an investment fund at the beginning of every quarter for 3 years. It then stopped making deposits into the fund and allowed the investment to grow for 4 more years. The fund was growing at 4.75% compounded monthly a. What was the accumulated value of the fund at the end of 3 years? Round to the nearest cent 1 b. What was the accumulated value of the fund at the end of 7 years? N Round to the nearest cent c. What was the amount of interest earned over the 7-year period? Cound to the nearest cent . What was the amount of interest earned over the 7-year period? Round to the nearest cent
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