You deposit $25,000 in a savings account that pays a nominal interest rate of 4.9%...
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Accounting
You deposit $25,000 in a savings account that pays a nominal interest rate of 4.9% compounded monthly. 3 years later, you deposit $21,000. 3 years after the second deposit, you make another deposit in the amount of $21,000. 5 years after the third deposit, half of the accumulated funds are transferred to a fund that pays a nominal interest rate of 7.6% compounded quarterly. How much total will you have in the accounts 8 years after the transfer?
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