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On May 21st, 2013, Joseph invested $16,000 in a fund that was growing at 5% compounded quarterly. a. Calculate the future value of the fund

On May 21st, 2013, Joseph invested $16,000 in a fund that was growing at 5% compounded quarterly. a. Calculate the future value of the fund on December 12th, 2013. Round to the nearest cent b. On December 12th, 2013, the interest rate on the fund changed to 7% compounded monthly. Calculate the future value of the fund on January 5th, 2015. Round to the nearest cent
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On May 21st,2013, Joseph invested $16,000 in a fund that was growing at 5% compounded quarterly. a. Calculate the future value of the fund on December 12th, 2013. Round to the nearest cent b. On December 12 th, 2013 , the interest rate on the fund changed to 7% compounded monthly. Calculate the future value of the fund on January 5th, 2015. Round to the nearest cent

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