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On April 20th, 2013, Joseph invested $13,000 in a fund that was growing at 5% compounded semi-annually. a. Calculate the accumulated amount of the fund
On April 20th, 2013, Joseph invested $13,000 in a fund that was growing at 5% compounded semi-annually. a. Calculate the accumulated amount of the fund on November 7th, 2013. Round to the nearest cent b. On November 7th, 2013, the interest rate on the fund changed to 6% compounded monthly. Calculate the accumulated amount of the fund on September 20th, 2014. Round to the nearest cent Step by Step Solution
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Free Dollar For College For Dummies
Authors: David Rosen, Caryn Mladen
1st Edition
0764554670, 978-0764554674
