How much money will in each account 6 years after transfer

Reference no: EM13295533

Georgi Rostov deposits $3,000 in a savings account that pays 6% interest compounded monthly. 3 years later, he deposits $4,000. 2 years after the $4,000 deposit, he makes another deposit in the amount of 6,000. 4 years after the $6,000 deposit, half of the accumulated money is transferred to a fund that pays 8% interest compounded quarterly. how much money will be in each account 6 years after the transfer?

Reference no: EM13295533

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