(Solved): $12,000 ls invested at the start of each year for the next 6. The money invested earns Interest at a ...

$12,000 ls invested at the start of each year for the next 6. The money invested earns Interest at an annual effective rate of 8%. The interest earns interest at an effective rate of 4% a year, If all Interest payments are made at the end of the year, find the value of the Investment at the end of 6 years.