Mathematics, 16.07.2019 12:50 2002babygurl

Aperson invests $4000 at 2% interest compounded annually for 4 years and then invests the balance (the $4000 plus the interest earned) in an account at 8% interest for 7 years. find the value of the investment after 11 years. (hint: you need to break this up into two steps/calculations. be sure to round your balance at the end of the first 4 years to the nearest penny so you can use it in the second set of calculations.)

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Aperson invests $4000 at 2% interest compounded annually for 4 years and then invests the balance (t...