) Judy makes the following deposits into her savings account: $2,500 today, $4,500 in 2 years and $3,500 in 4 years. How
Posted: Tue Jan 18, 2022 1:01 pm
) Judy makes the following deposits into her savings account:
$2,500 today, $4,500 in 2 years and $3,500 in 4 years. How much
will she have in her account in 7 years if the bank pays interest
at 2.6% p.a. compounded half-yearly for the first 3 years and 3.6%
p.a. compounded quarterly thereafter? Round you answer to the
nearest cent. (3 marks)
$2,500 today, $4,500 in 2 years and $3,500 in 4 years. How much
will she have in her account in 7 years if the bank pays interest
at 2.6% p.a. compounded half-yearly for the first 3 years and 3.6%
p.a. compounded quarterly thereafter? Round you answer to the
nearest cent. (3 marks)