Asked by george
Raymond puts the money he inherited in an investment that earns 4.4% per year, compound semi-annually. After 12 years his investment had grown to $35,402.06. Raymond then invested the $35,403.06 at 5% per year, compound quarterly for the next 5 years.
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Answered by
Reiny
Is there a question?
Also, which is it, 35402.06 or 35403.06 ?
Also, which is it, 35402.06 or 35403.06 ?
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