Mathematics

30 July, 08:21

Jim Moore opens a new savings account. He deposits $12,000 at 12% compounded semiannually. At the start of the fourth year, Jim deposits an additional $50,000 that is also compounded semiannually at 12%. At the end of six years, the balance in Jim Moore's account is

+4

Answers (1)

Know the Answer?

Not Sure About the Answer?

Find an answer to your question 👍 “Jim Moore opens a new savings account. He deposits $12,000 at 12% compounded semiannually. At the start of the fourth year, Jim deposits an ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.

Search for Other Answers

You Might be Interested in

If George has 50 apples and eats 20 how many apples as he have?

What are the zeros of (x^3-5x^2+2x+8) / (x+1)

Chef Morgan's restaurant has 24 tables. Fifteen of the tables each have one flower in a vase. The remaining tables have 5 flowers in each vas. How many flowers are there? Show how you found the answer.

How to write out one hundred four and 2thousands

the length of a rectangle is the sum of width and 1. the area of rectangle is 20 units. what is the width, in units, of the rectangle

New Questions in Mathematics

12 quarts - 8 cups = ? cups

A farmer planted corn in a square field. one side of the field measure 32 yards. what is the area of the cornfield? show your work.

Is 2^7 equal to 2 • 7? Explain.

Factor this expression completely and then place the factors in the proper location on the grid. x2 - 9

What are exponential functions