Georgi Rostov deposits $15,000 in a savings account that pays 6% interest compounded monthly. Three years later, he deposits $14,000. Two years later after the $14,000 deposit, he makes another...


Georgi Rostov deposits $15,000 in a savings account that pays 6% interest compounded monthly. Three years later, he deposits $14,000. Two years later after the $14,000 deposit, he makes another deposit in the amount of $12,500. Four years after the $12,500 deposit, half of the accumulated funds is transferred to a fund that pays 8% interest compounded quarterly. How much money will be in each account six years after the transfer?



Jun 11, 2022
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