Sam deposits $6000 into an account that pays 5.5% compounded quarterly. After three years, he...
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Sam deposits $6000 into an account that pays 5.5% compounded quarterly. After three years, he withdraws $3000 to pay for a wedding ring. Four years later, he deposits another $5500 into the account. At the end of twelve years from the time of his initial deposit, how much will be in Sam's account? The balance in Sam's account twelve years after his initial deposit is
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