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amend deposit $16,000 at the beginning of each year for 15 years in account paying 5% compounded annually. He then puts the total amount on
amend deposit $16,000 at the beginning of each year for 15 years in account paying 5% compounded annually. He then puts the total amount on deposit in another account paying 9% compounded and semi annually for another 11 years. Find the final amount on deposit after the entire 26 year.
A man deposis $16,000 at the beginning of each year for 15 years in an account paying 5% compounded annualy. He then puts the total amount on depost in another acoourt paying 9% compounded semiannealy for ancther 11 years. Find the final amount on deposit affer the entire 26-year period. He wil have a final amount of 5 affer the entire 26-yoar penod (Simpily your anwwer. Round to the noarest cent as needed) Step by Step Solution
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