Essay
An investment of $21 700 is accumulated at 5.24% compounded quarterly for three and one-half years. At that time the interest rate is changed to 6.12% compounded monthly. How much is the investment worth two years after the change in interest rate?
Correct Answer:
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Balance after 3.5 years 
= 217...View Answer
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Correct Answer:
Verified
= 217...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
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