I WILL GIVE BRAINLIEST PLEASE HELP
1. Melanie invested $12,200 at 4.8% interest compounded semiannually, and she wants to know how much her investment will be worth in 8 years. (5 points: Part I – 1 point; Part II – 2 points; Part III – 1 point; Part IV – 1 point)
Part I: What is the periodic interest rate of Melanie's investment?
Part II: How many compounding periods does Melanie's investment offer in a year? How about in 8 years?
Part III: What expression can Melanie write to figure out how much her investment will be worth in 8 years?
Part IV: How much will Melanie's investment be worth in 8 years?