Anne deposits $12,000 for 8 yr in an account paying 2.5% interest compounded annually. She then leaves

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Anne deposits $12,000 for 8 yr in an account paying 2.5% interest compounded annually. She then leaves the money alone with no further deposits at 3% interest compounded annually for an additional 6 yr. Find the total amount on deposit after the entire 14-yr period.

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College Algebra

ISBN: 978-0134697024

12th edition

Authors: Margaret L. Lial, John Hornsby, David I. Schneider, Callie Daniels

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