A savings bond offers interest at a rate of 8.8% compoundedsemi-anually. Suppose that a $1500 bond is purchased.
a) Determine the value of the investment after 12 years.
b) Describe how the shape of the graph of this function wouldchange if a bonus of 5% of the principal was added after 5 yearshad passed
c)Describe how the shape of the graph changes if the size of theinitial investment was doubled.
