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OpenStudy (anonymous):
Jim Moore opened a new savings account. He deposited $12,000 at 12 percent compounded semiannually. At the start of the fourth year, Jim deposits an additional $50,000 that is also compounded semiannually at 12 percent. At the end of 6 years, the balance in Jim Moore's account is: (Use the tables in the handbook)
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OpenStudy (anonymous):
a. $66,081.20 b. $50,000.00 c. $16,081.20 d. $88,555.42 None of these
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