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You deposit $3,000 in a savings account that pays 6% interest compounded monthly. Three years later, you deposit $4,000. Two years after the $4,000 deposit
You deposit $3,000 in a savings account that pays 6% interest compounded monthly. Three years later, you deposit $4,000. Two years after the $4,000 deposit you make another deposit in the amount of $6,000. Four years after the $6,000 deposit half of the accumulated money is transferred to a fund that pays 8%interest compounded quarterly. How much money will be in the accounts 6 years after the transfer?
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