Mathematics, 03.10.2019 03:30 savdeco

$5,000 is deposited today into a bank account. the account earns 7.5% per annum compounded half yearly for the first 6 years, then 7.8% per annum compounded quarterly thereafter. assuming no further deposits or withdrawals are made,

(a) calculate the account balance six months from today.

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$5,000 is deposited today into a bank account. the account earns 7.5% per annum compounded half yearly for the first 6 years, then 7.8% per annum compounded quarterly thereafter. assuming no further deposits or withdrawals are made, (a) calculate the account balance six months from today.

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Another question on Mathematics

$5,000 is deposited today into a bank account. the account earns 7.5% per annum compounded half yearly for the first 6 years, then 7.8% per annum compounded quarterly thereafter. assuming no further deposits or withdrawals are made,

(a) calculate the account balance six months from today.