Sergio has decided to diversify his investments in the following way:
2 answers:
<span>d.$2,507.90 is the correct answer.</span>
Future value of all investments
4,000×(1+0.032×4)+4,000
×(1+0.021)^(4)+7,500×(1
+0.05÷4)^(4×4)
=18,007.90
Total interest earned
18,007.90−(4,000
+4,000+7,500)
=2,507.90 ....answer
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