Account balance at the end of the tenth year

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Reference no: EM13157581

Annuity with change in interest rate. Jan Green established a savings account for her son"s college education by making annual deposits of $6,000 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 $6,000 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?

Reference no: EM13157581

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