On April 11, 2014, Cynthia received a loan of $45,000 at 5.55% compounded monthly. On May...

On April 11, 2014, Cynthia received a loan of $45,000 at 5.55% compounded monthly. On May 13, 2015, the interest rate on

the loan changed to 5.75% compounded quarterly and remained constant thereafter. What will be the accumulated value

of the loan on December 31, 2017?

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Colby Messinger answered 2 years ago

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