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Question 58 (1 point) An investment of $30325 is accumulated at 9.45% compounded quarterly for nine and one-half years. At that time the interest rate

Question 58 (1 point)\ An investment of

$30325

is accumulated at

9.45%

compounded quarterly for nine and one-half years. At that time the interest rate is changed to

9.45%

compounded monthly. How much is the investment worth two years after the change in interest rate?\ a

,$73646.89

\ b

$88902.62

\ c

$49319.03

\ d

$89520.33

\ e

$88773.12
image text in transcribed
An investment of $30325 is accumulated at 9.45% compounded quarterly for nine and one-half years. At that time the interest rate is changed to 9.45% compounded monthly. How much is the investment worth two years after the change in interest rate? a $73646.89 b $88902.62 c $49319.03 d $89520.33 e $88773.12

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