Multiple Choice
An investment of $30 325 is accumulated at 9.45% compounded quarterly for nine and one-half years. At that time the interest rate is changed to 9.45% compounded monthly. How much is the investment worth two years after the change in interest rate?
A) $73646.89
B) $88902.62
C) $49319.03
D) $89520.33
E) $88773.12
Correct Answer:
Verified
Correct Answer:
Verified
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