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na babae ang 19.00 and enten re On March 1, 1993, Mr. Hernandez deposited 54,400 into an account that used a 4% annual effective interest

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na babae ang 19.00 and enten re On March 1, 1993, Mr. Hernandez deposited 54,400 into an account that used a 4% annual effective interest rate when the balance was under $5,000 and a 6.5% annual effective interest rate when the balance is at least $5,000. Mr. Hernandes withdrew $1,000 on March 1, 1999. If there were no other deposits or withdrawals, find Mr. Hernander's account balance on March 1, 2003. (Round your answer to the nearest cent.) 07.18 X

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