At the end of the sixth year the account balance was


Question - Meg salon established a savings account for her son's college education by making annual deposits of $8,000 at the beginning of each of six years to a savings account paying 8$. At the end of the sixth year, the account balance was transferred to a bank paying 10%, and annual deposits of $80,000 were made at the end of each year from the seventh through the tenth years. What was the account balance at the end of the tenth year?

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Accounting Basics: At the end of the sixth year the account balance was
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