how much accumulated money can she withdraw from the account
=(6000*(((1+6%)^5-1)/6%))*(1+10%)^5
=54471.57
Question (3) Mary made five annual deposits of $6,000 in a savings account that pays interest...
Joe Smith makes 5 annual deposits of $5,000 in a savings account with and interest rate of 5% per year. One year after making the last deposit, the interest changes to 6%. If the money is withdrawn five years after the last deposit, how much money is withdrawn? QUESTION 6 Joe Smith makes 5 annual deposits of $5,000 in a savings account with and interest rate of 5% per year. One year after making the last deposit, the interest changes...
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