ed monthly. On 1 January 2016, she withdrew $40000 from the account for a family trip. (a) How much did Anna have in her savings account on 1 January 2019? (b) On 1 January 2019, she deposited $N into her savings account so that on 1 July 2019 she had exactly $50000 in her savings account for another trip. Find the value of N.
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On 1 January 2015, Anna had $60000 in her savings account. The nominal rate of interest of the savings account was 4.5% compounded monthly. On 1 January 2016, she withdrew $40000 from the account for a family trip.
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(a) How much did Anna have in her savings account on 1 January 2019?
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(b) On 1 January 2019, she deposited $N into her savings account so that on 1 July 2019 she had exactly $50000 in her savings account for another trip. Find the value of N.
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