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Accounting Questions: Roger deposits $150,000 into a money market fund that pays interest at a rate of 1.5% per year. Five years after making the
Accounting Questions:
Roger deposits $150,000 into a money market fund that pays interest at a rate of 1.5% per year. Five years after making the deposit, he withdraws one third of his account balance. Then, five years after that, he withdraws two thirds of the remaining funds. How much is withdrawn the first time?
How much is withdrawn the second time?
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