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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
Multiple Choice
$90,195.20
$93,932.28
$95,072.31
$88,555.42

Sagot :

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