Melis deposits $19,000 in a savings account that pays 8% interest compounded quarterly. Three yearslater, he deposits $18,000. Two years after the $18,000 deposit, he makes another deposit in theamount of $15,000. Four years after the $15,000 deposit, half of the accumulated funds are transferredto a fund that pays 6% interest compounded monthly. How much money will be in each account fiveyears after the transfer?

Answer rating: 100% (QA)

Mellis deposit19000 Interest 8 compounded quarterly AmountP1rn nt nt4312 A190001... View the full answer