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Lee Holmes deposited $15,200 in a new savings account at 7% interest compounded semiannually. At the beginning of year 4. Lee deposits an additional $40,200
Lee Holmes deposited $15,200 in a new savings account at 7% interest compounded semiannually. At the beginning of year 4. Lee deposits an additional $40,200 at 7% interest compounded semiannually, At the end of 6 years, what is the balance in Lee's account? (Use the Table provided.) (Do not round intermediate calculations. Round your answer to the nearest cent.) Balance Earl Ezekiel wants to retire in San Diego when he is 65 years old. Earl is now 44. He believes he will need $490,000 to retire comfortably. To date, Earl has set aside no retirement money. Assume Earl gets 3% interest compounded semiannually. How much must Earl invest today to meet his $490,000 goal? (Use the Table provided.) (Do not round intermediate calculations. Round your answer to the nearest dollar amount.) Investment
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