How much money will be in each account 6 years

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Jim deposits $3,000 in a savings account that pays 6% interest compounded monthly. Three years later he deposits $4,000. Two years after the 4,000 deposit, he makes a final deposit of $6,000. Four 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: EM13191219

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