Roger Smith opened a new savings account. He deposited $35,000 at 6% compounded semiannually. At the start of the fourth year, Roger deposits an additional $40,000 that is also compounded semiannually at 6% At the end of 6 years, what is the balance in Roger Smith's account?

Advanced Engineering Mathematics
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Author:Erwin Kreyszig
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Roger Smith opened a new savings account. He
deposited $35,000 at 6% compounded semiannually. At
the start of the fourth year, Roger deposits an additional
$40,000 that is also compounded semiannually at 6%
At the end of 6 years, what is the balance in Roger
Smith's account?
Transcribed Image Text:Roger Smith opened a new savings account. He deposited $35,000 at 6% compounded semiannually. At the start of the fourth year, Roger deposits an additional $40,000 that is also compounded semiannually at 6% At the end of 6 years, what is the balance in Roger Smith's account?
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