Question 1083494

Jimmy invest Rm 15,000 in an account for six years. The investment account pays 8%

compounded semi-annually for the first two years and 9% compounded monthly for the

rest of the period.

a. What is the maturity value of this investment?

b. Find the interest earned from this investment.
<pre>Correct answer: {{{highlight_green(matrix(1,3, Maturity, "value:", "$25,118.13"))}}}
From this you should be able to calculate the interest.
IGNORE all other INCORRECT answers!