Lee Holmes deposited $15,000 in a new savings account at 9% interest compounded semiannually. At the beginning

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Lee Holmes deposited $15,000 in a new savings account at 9% interest compounded semiannually. At the beginning of year 4, Lee deposits an additional $40,000 at 9% interest compounded semiannually.

At the end of 6years, what is the balance in Lee's account? (Use theTableprovided.)(Do not round intermediate calculations. Round your answer to the nearest cent.)

Posted Date: May 18, 2024 03:01 AM

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Lee Holmes deposited $15,000 in a new savings account at 9% interest compounded semiannually. At the beginning

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