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Moxie Fox Deposited $30,000 in a Savings Account at 6

Question 51

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Moxie Fox deposited $30,000 in a savings account at 6% interest compounded semiannually. At the beginning of year 4, Moxie deposits an additional $60,000 at 6% interest compounded semiannually. At the end of six years, what is the balance in Moxie's account?

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3% 6 periods $30,000...

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