How much money would you have at the end of 15 years if you initially invested...

 

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How much money would you have at the end of 15 years if you initially invested $7,500 at a nominal interest rate of 9% compounded quarterly for the first 10 years, and 5% compounded quarterly for the last 5 years? Hint: Make sure to use the rounded values that you answered in the previous two questions in your calculations of this answer. How much money would you have at the end of 15 years if you initially invested $7,500 at a nominal interest rate of 9% compounded quarterly for the first 10 years, and 5% compounded quarterly for the last 5 years? Hint: Make sure to use the rounded values that you answered in the previous two questions in your calculations of this answer.

Answer rating: 100% (QA)

Formula used here A P1rnnt Step1 Here P 7500 r 9 009 n 4 t 1... View the full answer