Question: please do it fast On June 3rd, 2013, Joseph invested $16,000 in a fund that was growing at 6% compounded semi-annually. a. Calculate the accumulated
please do it fast
On June 3rd, 2013, Joseph invested $16,000 in a fund that was growing at 6% compounded semi-annually. a. Calculate the accumulated amount of the fund on January 16 th, 2014. Round to the nearest cent b. On January 16 th, 2014 , the interest rate on the fund changed to 4% compounded monthly. Calculate the accumulated amount of the fund on December 29th, 2014. Round to the nearest cent
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
