Question: the total accumulated value is 124696.46. Please do not do in excel. Step by Step answer Jasmine deposits 1000 into a savings account paying nominal

the total accumulated value is 124696.46. Please do not do in

the total accumulated value is 124696.46. Please do not do in excel. Step by Step answer

Jasmine deposits 1000 into a savings account paying nominal interest rate of 6 percent compounded three times a year. She decides to deposit the same amount at the beginning of each third of the year for 20 years. The interest earned from this account is withdrawn at the end of each year only and reinvested into another account earning AEIR 8\%. Find the accumulated value of Jasmine's money in both accounts at the end of the 20 years

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