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the answers i already have are probably wrong. please correct if so. thank you!!! Suppose that you have an initial investment of $350. For each
the answers i already have are probably wrong. please correct if so. thank you!!!
Suppose that you have an initial investment of $350. For each of the given compounding situations, using an annual percentage rate (APR) of 1.5% find the value of the investment after 22 months, find how long it would take to double the money, and find the APY. Follow the rounding rules at the top of the column and include units in your answers. Compounded Formula entered in Y1 Value after 22 months (to the nearest cent) Time it takes to double initial investment APY (rounded to 3 decimal places) Semiannually (Hint: When was the last time interest was credited to the account) 350(1+015 j2(t) |$359.3 4_yrs 4 mos 1.506 Quarterly 350(1+015)"(t) $350.0 mos Monthly Continuously YTS mos (in years, correct to 3 decimal places) Vrs Step by Step Solution
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