Answer Happy

Posted: **Thu May 12, 2022 2:58 pm**

: Erica Invested 19 800 In A Mutual Fund At 4 4 Compounded Monthly After 3 Years The Interest Rate Was Changed To 7 6 1 (136.8 KiB) Viewed 29 times

Erica invested $19,800 in a mutual fund at 4.4% compounded monthly. After 3 years, the interest rate was changed to 7.6% compounded quarterly. a) How much was the value of the fund 6 years after the rate change? $ b) How much was the total compound interest earned during the whole term? $