1. You invested $5,000 in an account 15 years ago. This account paid 8% compounded monthly for the first 5 years, and then the rate jumped to 10% quarterly for the next 6 years, and finally, in the last 5 years, the rate was 5% semi-annually. How much do you have today?

Answer rating: 100% (QA)

Step 1 a Amount after 5 year Amount 5000 Rate of Interest r 812 ... View the full answer