Jordan deposited $45,000 in an investment fund that was growing at a rate of 5.0 compounded quarterly, for a period of 5 years and 6 months. a. What is the accumulated value of the investment at the end of 5 years and 6 months? $0.00 Round to the nearest cent b. What is the amount of interest earned from this investment? $0.00

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 68SE: An investment account with an annual interest rateof 7 was opened with an initial deposit of 4,000...
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Question 7 of 10
Jordan deposited $45,000 in an investment fund that was growing at a rate of 5.00%
compounded quarterly, for a period of 5 years and 6 months.
a. What is the accumulated value of the investment at the end of 5 years and 6
months?
$0.00
Round to the nearest cent
b. What is the amount of interest earned from this investment?
$0.00
Transcribed Image Text:Question 7 of 10 Jordan deposited $45,000 in an investment fund that was growing at a rate of 5.00% compounded quarterly, for a period of 5 years and 6 months. a. What is the accumulated value of the investment at the end of 5 years and 6 months? $0.00 Round to the nearest cent b. What is the amount of interest earned from this investment? $0.00
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