Juan deposits 1000 in a savings account that pays 8


Juan deposits $1000 in a savings account that pays 8% compounded annually. Exactly 2 years later he deposits $3000; 2 years later he deposits $4000; and 4 years later he withdraws all of the interest earned to date and transfers it to an account that pays 10% compounded annually. How much money will be in each account 4 years after the transfer?

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Financial Management: Juan deposits 1000 in a savings account that pays 8
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