An investment of $2500 is accumulated at 5% compounded quarterly for two-and-a-half years. At that time, the

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An investment of $2500 is accumulated at 5% compounded quarterly for two-and-a-half years. At that time, the interest rate is changed to 6% compounded monthly. How much is the investment worth two years after the change in interest rate?
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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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