Question
William deposited $95,000 in an investment fund that was growing at a rate of 4.50% compounded quarterly, for a period of 5 years and 6
William deposited $95,000 in an investment fund that was growing at a rate of 4.50% compounded quarterly, for a period of 5 years and 6 months.
a. What is the accumulated value of the investment at the end of 5 years and 6 months? Round to the nearest cent
b. What is the amount of interest earned from this investment?
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Open Market Operations And Financial Markets
Authors: David Mayes , Jan Toporowski
1st Edition
0415417759, 978-0415417754
