Erica invests $10,000 at 5% interest compounded annually.
How much interest will Erica earn in 3 years
Lee Holmes deposited $15,000 in a new savings account at 9% interest compounded semiannually. At the beginning of year 4, Lee deposits an additional $40,000 at 9% intrest compounded semiannually. At the end of 6 years, what is the balance in Lee's account?
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1 answer