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