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1 July, 00:59

Jim Moore opens a new savings account. He deposits $12,000 at 12% compounded semiannually. At the start of the fourth year, Jim deposits an additional $50,000 that is also compounded semiannually at 12%. At the end of six years, the balance in Jim Moore's account is

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  1. 1 July, 02:44
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    12,000 * (1+0.12:2) ^ (2*6) + 50,000 * (1+0.12:2) ^ (2*2) = 87,270.21
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