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At the end of each year for 6 years you deposit $20,000 into an account that earns 12% compounded annually. After the end of the
At the end of each year for 6 years you deposit $20,000 into an account that earns 12% compounded annually. After the end of the 6th year you withdraw $15,000 and transfer the balance to an account that earns 9% per annum with interest compounded quarterly. The transferred amount remains in the account for 4 years. What is the expected balance in the account at that time?
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