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Cathy May Deposits $25,000\$ 25,000 At the End of Each Year for 12 Years in Year

Question 60

Multiple Choice

Cathy May deposits $25,000\$ 25,000 at the end of each year for 12 years in an account paying 4%4 \% compounded annually. She then puts the total amount on deposit in another account paying 5%5 \% compounded semiannually for another 9 years. Find the final amount on deposit after the entire 21 - year period. Round your answer to the nearest cent.


A) $585,878.21\$ 585,878.21
B) $904,034.81\$ 904,034.81
C) $536,513.76\$ 536,513.76
D) $469,129.30\$ 469,129.30

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