Question: mylab.pearson.com 3): Pear... P Pearson MyLab and Mastering P Chapter 5 Test C What factors determine the amount of interest ea. Benjamin Smith 05/03/23 5:11

 mylab.pearson.com 3): Pear... P Pearson MyLab and Mastering P Chapter 5

Test C What factors determine the amount of interest ea. Benjamin Smith

mylab.pearson.com 3): Pear... P Pearson MyLab and Mastering P Chapter 5 Test C What factors determine the amount of interest ea. Benjamin Smith 05/03/23 5:11 PM Question 3 of 9 This test: 45 point(s) possible This question: 6 point(s) possible Submit test A man deposits $12,000 at the beginning of each year for 8 years in an account paying 4% compounded annually. He then puts the total amount on deposit in another account paying 6% compounded semiannually for another 7 years. Find the final amount on deposit after the entire 15-year period. He will have a final amount of $ after the entire 15-year period. (Simplify your answer. Round to the nearest cent as needed.) Nex

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