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A man deposits $17,000 at the beginning of each year for 10 years in an...

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Finance

A man deposits $17,000 at the beginning of each year for 10 years in an account paying 7% compounded annually. He then puts the total amount on deposit in another account paying 9% compounded semiannually for another 9 years. Find the final amount on deposit after the entire 19-year period.

He will have a final amount of

$

after the entire

1919-year

period.

Answer & Explanation Solved by verified expert
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