Jim Moore opens a new savings account. He deposits $12,000 at 12% compounded semiannually. At the start of the fourth year, Jim deposits an additional $50,000 that is also compounded semiannually at 12%. At the end of six years, the balance in Jim Moore's account is O$66,081 20 O$50,000.00 O$16,081.20 O$88,555.42 None of these

Jim Moore opens a new savings account. He deposits $12,000 at 12% compounded semiannually. At the start of the fourth year, jim deposits an additional $50,000 that is also compounded semiannually at 12%. At the end of six years, the balance in jim Moore's account is $66.08120 $50,000.00 $16,08120 588,555.42