Question 4 of 8 An investment of $16,000 is growing at 4% compounded semi-annually. a. Calculate the accumulated amount of this investment at the end of year 1. Round to the nearest cent $0.00 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 3. Round to the nearest cent $0.00 c. Calculate the total amount of interest earned from this investment during the 3-year period. Round to the nearest cent $0.00 Question 5 of 8 Hui would like to accumulate $325,000 for her retirement in 10 years. If she is promised a rate of 5.07% compounded monthly by her local bank, how much should she invest today? Round to the nearest cent $0.00