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URGENT!! An investment with an initial deposit of $3,845 is growing at an interest rate of 8.64% compounded semi-annually. Round all answers to two decimal
URGENT!!
An investment with an initial deposit of $3,845 is growing at an interest rate of 8.64% compounded semi-annually. Round all answers to two decimal places if necessary. 1. Find the accumulated amount of the investment at the end of 2 years. P/Y= C/Y= N= 1/Y= % PV=$PMT=$FV=$ 2. The interest rate changes to 8.54% compounded monthly after the first 2 years, Calculate the accumulated amount in this investment at the end of 6 years. P/Y= C/Y= N= 1/Y= PV=S PMT=$ FV=S 3. Find the total amount of interest accumulated during the entire 6 years of the investment Step by Step Solution
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