Lee Holmes deposited $16,100 in a new savings account at 8% interest compounded semiannually. At the beginning of year 4, Lee deposits an additional $41,100 at 8% interest compounded semiannually. At...


Lee Holmes deposited $16,100 in a new savings account at 8% interest compounded semiannually. At the beginning of year 4, Lee<br>deposits an additional $41,100 at 8% interest compounded semiannually.<br>At the end of 6 years, what is the balance in Lee's account? (Use the Table provided.) (Do not round intermediate calculations. Round<br>your answer to the nearest cent.)<br>Balance<br>$<br>

Extracted text: Lee Holmes deposited $16,100 in a new savings account at 8% interest compounded semiannually. At the beginning of year 4, Lee deposits an additional $41,100 at 8% interest compounded semiannually. At the end of 6 years, what is the balance in Lee's account? (Use the Table provided.) (Do not round intermediate calculations. Round your answer to the nearest cent.) Balance $

Jun 11, 2022
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