Question $4$ of $8$

An investment of $$14,000$ is growing at $4\%$ compounded quarterly.

a$.$ Calculate the accumulated amount of this investment at the end of year $1.$

Round to the nearest cent

b$.$ If the interest rate changed to $3\%$ compounded monthly at the end of year $1,$ calculate the accumulated amount of this investment at the end of year $5.$

Round to the nearest cent

c$.$ Calculate the total amount of interest earned from this investment during the $5-$year period.