Question
A man deposits
​$14,000
at the beginning of each year for
14years in an account paying
77​%
compounded annually. He then puts the total amount on deposit in another account paying 9%
compounded semiannually for another 9
years. Find the final amount on deposit after the entire
23 year period.
 
​(Simplify your answer. Round to the nearest cent as​ needed.)
 
 

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Tagged in
Business
Finance

Annuity and perpetuity

Future value and Present value

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