document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1129178>Question 1129178</A>: <I><SPAN STYLE=\"word-break: break-all;\"> An investment of $2500 earns interest at 4.5% p.a. compounded monthly for three years. At that time the interest rate is changed to 5% compounded quartly. How much will the accumulated value be one and half years after the change. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #745778 by </B><A HREF=/tutors/aboutme.mpl?userid=Theo><B>Theo(13342)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Theo><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=Theo><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=745778\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> you can use the following calculator to get the answer to this.\r<BR>\n" );
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document.write( "<a  rel=nofollow HREF= \"https://arachnoid.com/finance/\" target = \"_blank\">https://arachnoid.com/finance/</a>\r<BR>\n" );
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document.write( "you will run the calculator two times.\r<BR>\n" );
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document.write( "first time is for 2500 at 4.5% compounded monthly for 3 years.\r<BR>\n" );
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document.write( "second time is for the future value of the first time for at 5% compounded quarterly for one and a half years.\r<BR>\n" );
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document.write( "your inputs for the first time are:\r<BR>\n" );
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document.write( "present value = 2500 (shown as negative because it's money going out).<BR>\n" );
document.write( "future value = 0.<BR>\n" );
document.write( "number of time periods = 3 years * 12 months per year = 36 months.<BR>\n" );
document.write( "payment in each time period is 0.<BR>\n" );
document.write( "interest rate per time periods = 4.5% per year / 12 months per year = .375% per month.<BR>\n" );
document.write( "payments made at end or beginning of each time period doesn't matter since the payments in each time period are 0.\r<BR>\n" );
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document.write( "you click on fv and you get the future value equal to 2860.62 (shown as positive because it's money coming in).\r<BR>\n" );
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document.write( "your inputs for the second time are:\r<BR>\n" );
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document.write( "present value - 2860.62 (shown as negative because it's money going out).<BR>\n" );
document.write( "future value = 0<BR>\n" );
document.write( "number of time periods = 1 and 1/2 years * 4 quarters per year = 6 quarters.<BR>\n" );
document.write( "payment in each time period is 0.<BR>\n" );
document.write( "interest rate per time period = 5% per year / 4 quarters per year = 1.25% per quarter.<BR>\n" );
document.write( "payments made at end or beginning of each time period doesn't matter since the payments in each time period are 0.\r<BR>\n" );
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document.write( "you click on fv and you get the future value equal to 3081.98 (shown as positive because it's money coming in).\r<BR>\n" );
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document.write( "the accumulated value 1 and 1/2 years after the change is 3081.98.\r<BR>\n" );
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document.write( "here's the displays from the calculator.\r<BR>\n" );
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document.write( "first time:\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" src = \"http://theo.x10hosting.com/2018/111601.jpg\" alt=\"$$$\" >\r<BR>\n" );
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document.write( "second time:\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" src = \"http://theo.x10hosting.com/2018/111602.jpg\" alt=\"$$$\" >\r<BR>\n" );
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document.write( " </SPAN>\n" );
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