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Find final amount on deposit after the entire twenty-year

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Problem 1: A man deposits $16,000 at the beginning of each year for 11 years in an account paying 7% compounded annually. He then puts the total amount on deposit in another account paying 8% compounded semiannually for another 9 years. Find the final amount on deposit after the entire 20-year period.

Reference no: EM132841249

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