Patric invest 40,000 in a fund for nine years. The fund earns the following:
1. For the first four years, a discount rate of 10.8% convertible monthly,
ii. For the next three years, an interest rate of 5.1% compounded quarterly,
iii. For the last two years, a quarterly effective interest rate of 4%.
Determine the amount of money that Patric will have at the end of nine
years.
(Round your answer to 2 decimal places.)
