How much money will be in each account six years

Reference no: EM131124884

Georgi Rostov deposits $15,000 in a savings account that pays 6% interest compoundedmonthly. Three years later, he deposits $14,000. Two years after the$14,000 deposit, he makes another deposit in the amount of $12,500. Four yearsafter the $12,500 deposit, half of the accumulated funds is transferred to a fundthat pays 8% interest compounded quarterly. How much money will be in eachaccount six years after the transfer?

Reference no: EM131124884

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