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May 29, 2015

Homework Help: Math

Posted by Linda on Thursday, November 3, 2011 at 3:46pm.

Lee Holmes deposited $15,000 in a new savings account at 9% interest compounded semiannually. At the beginning of year 4, Lee deposits an additional $40,000 at 9% intrest compounded semiannually. At the end of 6 years, what is the balance in Lee's account?

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