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Write all answers the nearest dollar e.g. 1245 with no extra punctuation or spaces... Fred opened a savings account with a bank, depositing $21100. The
Write all answers the nearest dollar e.g. 1245 with no extra punctuation or spaces...
Fred opened a savings account with a bank, depositing $21100. The interest on the account is compounded semiannually at 10% per year.
One year later, Fred took the total amount from the first investment and added $21100 more into a different account at interest rate of 13% per year compounded semiannually for another 4 years. After five years in total Fred would have how much in his account?
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