At the end of 6 years what is the balance in lees account

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Reference no: EM131969268

Lee Holmes deposited $15,700 in a new savings account at 12% interest compounded semiannually. At the beginning of year 4, Lee deposits an additional $40,700 at 12% interest compounded semiannually.

At the end of 6 years, what is the balance in Lee's account? (Do not round intermediate calculations. Round your answer to the nearest cent.)

Reference no: EM131969268

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