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An investment with an initial deposit of $11,505 is growing at an interest rate of 6

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An investment with an initial deposit of $11,505 is growing at an interest rate of 6.21% compounded quarterly. Round all answers to two decimal places where necessary.

 

1. Find the accumulated amount of the investment at the end of 2 years.

 

P/Y = C/Y =   N =   I/Y = %

 

PV = $  PMT = $  FV = $

 

1. At the end of the 2 years, the interest rate changes to 6.67% compounded semi-annually. Calculate the accumulated amount in this investment at the end of 9 years from the initial deposit of $11,505.

 

 

P/Y = C/Y =   N =   I/Y = %

 

PV = $  PMT = $  FV = $

 

3. Find the total amount of interest accumulated during the entire 9 years of the investment.

 

Total Interest = $ (enter a positive value)