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How much money will be in each account

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Question - Juan deposits $5000 in a savings account that pays 12% compounded annually. Exactly 3 years later he deposits $2500; 2 years later he deposits $2000; and 2 years later he withdraws all of the interest earned to date and transfers it to an account that pays 15% compounded annually. How much money will be in each account 5 years after the last transfer?

Reference no: EM133147370

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