Georgi rostov deposits3000 in a savings account that pays 6, Ask an Expert

Economics

Georgi Rostov deposits$3,000 in a savings account that pays 6% interest compounded monthly. Three years later, he deposits $4,000. Two years after the $4,000 deposit, he makes 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 each account six years after the transfer?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91422273

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