Lee holmes deposited 15500 in a new savings account at 10, Financial Management

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Lee holmes deposited 15500 in a new savings account at 10

Lee Holmes deposited $15,500 in a new savings account at 10% interest compounded semiannually. At the beginning of year 4, Lee deposits an additional $40,500 at 10% interest compounded semi annually.

At the end of 6 years, what is the balance in Lee’s account?

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Financial Management: Lee holmes deposited 15500 in a new savings account at 10

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Financial Management: Lee holmes deposited 15500 in a new savings account at 10

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