Question:

A man deposits 14 000 at the beginning of each year for 10

Last updated: 4/25/2023

A man deposits 14 000 at the beginning of each year for 10

A man deposits 14 000 at the beginning of each year for 10 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 19 year period He will have a final amount of after the entire 19 year period Simplify your answer Do not round until the final answer Then round to the nearest cent as needed