Question 2 A 1934 investment earns 7 2 interest compounded

Last updated: 4/27/2023

Question 2 A 1934 investment earns 7 2 interest compounded semi annually Write an equation for the value of the investment as a function of time in years b Determine the value of the investment after 7 years How long will it take for the investment to quadruple in value Suppose that a penalty for early withdrawal of 4 of the initial Investment is applied if the withdrawal occurs within the first 7 year Write an equation for the adjusted value of the investment as a function of time Describe the effect this adjustment would have on the graph of the original function Note that 1 year 2 semi annuals 4 quarters 12 months 52 weeks 365 days Open Response