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What is the balance in lee account

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Lee Holmes deposited $16,700 in a new savings account at 6% interest compounded semiannually. At the beginning of year 4, Lee deposits an additional $41,700 at 6% 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: EM131752798

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