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On July 22nd, 2013, Joseph invested $14,000 in a fund that was growing at 3% compounded semi-annually. a. Calculate the accumulated amount of the fund

On July 22nd, 2013, Joseph invested $14,000 in a fund that was growing at 3% compounded semi-annually.

a. Calculate the accumulated amount of the fund on February 28th, 2014.

b. On February 28th, 2014, the interest rate on the fund changed to 4% compounded monthly. Calculate the accumulated amount of the fund on February 27th, 2015.

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