prdp You invest $10,000 at 6% semi-annually for 30 months. You roll the entireaccumulated amount into a second investment that is earning 3% quarterly for 15months. [A] what is the future amount of the two consecutive investments? [B]How much interest has been earned?

Part A: Future Amount of the Two Consecutive Investments First Investment: Initial investment (P1):…

Answered: You invest $10,000 at 6% semi-annually…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 1QTD

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You invest $10,000 at 6% semi-annually for 30 months. You roll the entire accumulated amount into a second investment that is earning 3% quarterly for 15 months. [A] what is the future amount of the two consecutive investments? [B] How much interest has been earned?