Lori-Anne Invests $2,500 Over a Two-And-A-Half-Year Period at 5% Compounded

question 139

Multiple Choice

Lori-Anne invests $2,500 over a two-and-a-half-year period at 5% compounded quarterly. Thereafter, the interest rate changes to 6% compounded monthly. Determine the value of the investment two years after the interest rate change.

• A) $7,190.63
• B) $6,190.63
• C) $5,190.63
• D) $4,190.63
• E) $3,190.63

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A genetic phenomenon where individuals heterozygous at a particular gene locus have a higher fitness than either of the homozygous forms.

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