Multiple Choice
Twenty years ago Freddie invested $2,000. For the first 10 years he earned 13% compounded semi-annually. For the next 10 years he earned 8% compounded quarterly. What was the value of the investment now, at the end of the 20 years?
A) $5,927
B) $9,185
C) $17,292
D) $14,732
E) $15,561
Correct Answer:
Verified
Correct Answer:
Verified
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