Question

An investment of ​$4885.45 earns interest at 4​% per annum compounded semi-annually for 4 years. At...

An investment of

​$4885.45

earns interest at

4​%

per annum compounded

semi-annually

for

4

years. At that time the interest rate is changed to

7.2%

compounded

quarterly.

How much will the accumulated value be

4.5

years after the​ change?

The accumulated value is

​$.

​(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as​ needed.)

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