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An Investment of $21 700 Is Accumulated at 5

Question 17

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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?

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Balance after 3.5 years blured image = 217...

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