An investment of $15,000 is made for three years at 4.5% compounded quarterly. a) Determine the maturity value of the investment. b) What is the amount of compound interest earned on the investment?

/in /by

An investment of $15,000 is made for three years at 4.5%

compounded quarterly.

a)

Determine the maturity value of the investment.

b)

What is the amount of compound interest earned on the

investment?

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