Sam deposts $10,000 at the beginning of each year for 12 years in an account paying 5% compounded annually. He then puts the total amount on deposit in another account paying 6% compounded semiannually for another 9 years. Find the final amount on deposit after the entire 21 year period.(adsbygoogle = window.adsbygoogle || []).push({});

Did I understand this question right?

He deposit 10,000 every year for 12 years and then put that amount in another account for another 9 years but without depositing anymore?

the answer i got is $270978.43

can anybody just check that for me? thanks.

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# Homework Help: Finance questions

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