For the past 6 years Joe Borelli has made deposits of $300 at the end of every

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For the past 6 years Joe Borelli has made deposits of $300 at the end of every 6 months, earning interest at 5% compounded semi-annually. If he leaves the accumulated balance in an account earning 6% compounded quarterly, what will the balance be in Joe’s account at the end of another 10 years?
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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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