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please add cash flow diagram too Melis deposits $19,000 in a savings account that pays 8% interest compounded quarterly. Three years later, she deposits $18,000.
please add cash flow diagram too
Melis deposits $19,000 in a savings account that pays 8% interest compounded quarterly. Three years later, she deposits $18,000. Two years after the $18,000 deposit, she makes another deposit in the amount of $15,000. Four years after the $15,000 deposit, half of the accumulated funds are transferred to a fund that pays 6% interest compounded monthly. How much money will be in each account five years after the transfer Step by Step Solution
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