Shelley Katz deposited $30,000 in a savings account at 5% interest compounded semiannually. At the beginning of
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Shelley Katz deposited $30,000 in a savings account at 5% interest compounded semiannually. At the beginning of year 4, Shelley deposits an additional $80,000 at 5% interest compounded semiannually. At the end of 6 years, what is the balance in Shelley’s account?
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Calculation of Total Balance of Shelleys Account Present amount 30000 Interest rate 005 Years 6 yea...View the full answer
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Related Book For 
Finite Mathematics and Its Applications
ISBN: 978-0134768632
12th edition
Authors: Larry J. Goldstein, David I. Schneider, Martha J. Siegel, Steven Hair
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