Lee holmes deposited 15900 in a new savings account at 6, Financial Management

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Lee holmes deposited 15900 in a new savings account at 6

Lee Holmes deposited $15,900 in a new savings account at 6% interest compounded semi annually. At the beginning of year 4, Lee deposits an additional $40,900 at 6% 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 15900 in a new savings account at 6

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Financial Management: Lee holmes deposited 15900 in a new savings account at 6

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