An investment of $2500 earned interest at 4.5% compounded quarterly for 1 1/2 years, and then 4.0%

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An investment of $2500 earned interest at 4.5% compounded quarterly for 1 1/2 years, and then 4.0% compounded monthly for two years. How much interest did the investment earn in the 3 1/2 years?

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Jan 20, 2016 07:21 AM

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An investment of $2500 earned interest at 4.5% compounded quarterly for 1 1/2 years, and then 4.0%

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For the first 1 years PV 2500 FV PV1 i n ...View the full answer

Business Mathematics In Canada

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