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.

Answer 1

Is there a question?
Also, which is it, 35402.06 or 35403.06 ?