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The answer is 12514.23 Please show step by step and formulas used. Problem 21.1 James deposits 1,000 into an account at the end of each
The answer is 12514.23
Please show step by step and formulas used.
Problem 21.1 James deposits 1,000 into an account at the end of each year for the next 6 years. The account earns 5% interest. James also deposits 1,000 at the end of each of years 7 through 10 into another account earning 4%. Calculate the total amount James will have in both accounts at the end of ten yearsStep by Step Solution
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