Question: please solve this question completely, correctly and clearly. thanks ! Natalie borrowed $44,000 from a local bank at 4% compounded semi-annually to start a business.

please solve this question completely, correctly and clearly. thanks ! Natalie

borrowed $44,000 from a local bank at 4% compounded semi-annually to start

please solve this question completely, correctly and clearly. thanks !

Natalie borrowed $44,000 from a local bank at 4% compounded semi-annually to start a business. After 3 years, the interest rate on the debt changed to 5% compounded monthly. a. What would be the accumulated amount of the debt in 3 years? Round to the nearest cent b. What would be the accumulated amount of the debt in 5 years? Round to the nearest cent

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