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Question 2 of 5 Red Company invested $20,000 in a fund that was earning interest at a rate of 4.00% compounded semi-annually. After 2 years
Question 2 of 5 Red Company invested $20,000 in a fund that was earning interest at a rate of 4.00% compounded semi-annually. After 2 years and 9 months, the company transferred these funds to another investment that was earning interest at 3.50% compounded monthly a. What is the balance in the fund at the end of 2 years and 9 months? Question 2 of 5 b. What is the balance in the fund at the end of 5 years (from the initial investment)? Round to the nearest cent c. By what amount did the fund grow during the 5 year period? Question 2 of 5 Round to the nearest cent C. By what amount did the fund grow during the 5 year period? Round to the nearest cent F
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