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Calculate the accumulated value of her investment

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Question - The interest rate for a savings fund was 3.70% compounded semi-annually for the first 4 years and then 4.90% compounded semi-annually for the second 4 years. Harsha invested $2,650 at the end of each 6 months for 3 years.

Required -

a. Calculate the accumulated value of her investment after the first 4 years.

b. Calculate the accumulated value of her investment at the end of 3 years.

c. How much interest did she earn in her investment over the 3 years.

Reference no: EM133150102

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