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Victoria makes the following deposits into her savings account. $1,200 in 1 year and $2,800 in 3 years. The interest rate is 2.2% p.a. compounded
Victoria makes the following deposits into her savings account. $1,200 in 1 year and $2,800 in 3 years. The interest rate is 2.2% p.a. compounded half-yearly for the first 2 years and becomes 4.8% p.a. compounded monthly thereafter. Calculate the amount in the savings account in 5 years. (Round your answer to the nearest cent.)
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