Find out accumulated value of the fund

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Reference no: EM132969047

Melanie made deposits of $9,000 into a fund at the beginning of each quarter for the past 5 years. She then left the money to accumulate in the fund for another 4 years. The fund grows at 5.25% compounded monthly.

a. What was the accumulated value of the fund at the end of 5 years? Round to the nearest cent

b. What was the accumulated value of the fund at the end of 9 years? Round to the nearest cent

c. What was the amount of interest earned over the 9-year period? Round to the nearest cent

Reference no: EM132969047

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