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On May 28th, 2013, Joseph invested $14,000 in a fund that was growing at 5% compounded semi-annually. a. Calculate the maturity value of the fund

On May 28th, 2013, Joseph invested $14,000 in a fund that was growing at 5% compounded semi-annually.

a. Calculate the maturity value of the fund on January 10th, 2014. Round to the nearest cent

b. On January 10th, 2014, the interest rate on the fund changed to 4% compounded monthly. Calculate the maturity value of the fund on November 26th, 2014. Round to the nearest cent

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