(1 point) $9050 is invested for 8 years at the following interest rates: 32 = 7.5%...

 

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(1 point) $9050 is invested for 8 years at the following interest rates: 32 = 7.5% for the first 2 years; J12 = 4% for the next 4 years (following the first 2 years); and J365 = 10% for the final 2 years. a) Determine the accumulated value of the investment after 8 years. Answer: $14744.62 b) What equivalent nominal rate, j52, was earned over the 8-year period? Answer: % (1 point) $9050 is invested for 8 years at the following interest rates: 32 = 7.5% for the first 2 years; J12 = 4% for the next 4 years (following the first 2 years); and J365 = 10% for the final 2 years. a) Determine the accumulated value of the investment after 8 years. Answer: $14744.62 b) What equivalent nominal rate, j52, was earned over the 8-year period? Answer: %

Answer rating: 100% (QA)

To find the accumulated value of the investment after 8 years we need to calculate the future value ... View the full answer