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RideAnS [48]
3 years ago
14

Jim Moore opens a new savings account. He deposits $12,000 at 12% compounded semiannually. At the start of the fourth year, Jim

deposits an additional $50,000 that is also compounded semiannually at 12%. At the end of six years, the balance in Jim Moore's account is
Mathematics
1 answer:
Anna35 [415]3 years ago
8 0
12,000×(1+0.12÷2)^(2×6)+50,000×(1+0.12÷2)^(2×2)=87,270.21
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