Alp Bilgin deposits $33.000 in a saving account that pays 9% interest compounded monthly. Four years later, he deposits $20.000. Three years after the $20.000 deposit, he makes another deposit in the amount of $ 16.500. Six years after the $16.500, half of the accumulated funds are transferred to a fund that pays 12% interest compounded quarterly. How much money will be in account eight years after the transfer?

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A: here we calculate the amount of money accumulated in five years as follow;

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Q: answer to the nearest cent.)

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Q: A $200,000 loan is to be repaid in equal yearly payments over 25 years at an interest rate of 4%…

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Q: What sum deposited today at 9% compounded annually for 18 years will provide the same amount as…

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