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BigFella9503 BigFella9503
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3 months ago

Merle Fonda opened a new savings account. She deposited $40,000 at 10% compounded semiannually. At the start of the fourth year, Merle deposits an additional $20,000 that is also compounded semiannually at 10%. At the end of six years, the balance in Merle's account is



▸

$73,604.15



▸

$53,604.12



▸

$93,600.16



▸

$98,636.17

Textbook 
Math for Business and Finance: an Algebraic Approach

Math for Business and Finance: an Algebraic Approach


Edition: 3rd
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realistpnoyrealistpnoy
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3 months ago
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BigFella9503 Author
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3 months ago
Thanks for your help!!
Transonic
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This helped my grade so much Perfect
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You make an excellent tutor!
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