Question: Joe Franklin deposits $ 2 2 , 0 0 0 in a savings account that pays 6 % interest compounded monthly. Three years later, he

Joe Franklin deposits $22,000 in a savings account that pays 6% interest compounded
monthly. Three years later, he deposits $16,000. Two years after the $16,000 deposit,
he makes another deposit in the amount of $13,500. Four years after the $13,500
deposit, half of the accumulated funds are transferred to a fund that pays 8% interest
compounded quarterly. How much money will be in each account six years after the
transfer?
 Joe Franklin deposits $22,000 in a savings account that pays 6%

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