Lee Holmes deposited $16,900 in a new savings account at 8%

Last updated: 7/15/2022

Lee Holmes deposited $16,900 in a new savings account at 8% interest compounded semiannually. At the beginning of year 4, Lee deposits an additional $41,900 at 8% interest compounded semiannually. At the end of 6 years, what is the balance in Lee's account? (Use the Table provided.) (Do not round intermediate calculations. Round your answer to the nearest cent.)