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  3. you have $11000 today in your savings account. the

You have $11000 today in your savings account. The bank pays interest at 2.5% p.a....

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Accounting

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You have $11000 today in your savings account. The bank pays interest at 2.5% p.a. compounded monthly for the first 4 years. The interest rate becomes 4.5% p.a. compounded quarterly for the following 3 years. Which of the following can be used to find the future value of your money after all these years? (There may be more than one correct answer. You will lose mark by picking a wrong answer. The minimum mark for the question is zero.) Select one or more: 3 0.025 a. 11000 * (1+ 12 - (1+0.025) *(1+0.045) b. None of the options can be used to find the future value. 4*12 3*4 0.025 0.045 C. 11000 *(1+ +(1+ 12 4 4*12 0.025 d. 11000 * (1+ - (1 + 0.045) *** 12 e. 11000 * (1 + 0.025)4 * (1 + 0.045)3 0.025 O f. 11000 *(1 + (1+ 12 1 + 1 25)*)*: (1+(1+0.045 15))

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