1. Anette made deposits of $2000 at the beginning of every three months for seven years into an investment fund that was earning 7.2% compounded quarterly. She left the money in the fund for another three years to accumulate interest. If the fund was earning the same interest rate during the entire time period, what was the amount of interest earned on her investment during the term?

Answer rating: 100% (QA)

Answer Accumulated interest 88 28492 Workings a For the first 7 years Payments per period PMT 2 0... View the full answer