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Lee Holmes deposited $15,000 in a new savings account at 9% interest compounded
semiannually. At the beginning of year 4 , Lee deposits an additional $40,000 at 9% interest
compounded semiannually. At the end of 6 years, what is the balance in Lee's account? (Use the
Table provided.) Note: Do not round intermediate calculations. Round your answers to the nearest
cent.Future valua intarest factor of S1 ner nerind at i% for n periods, FVIF (i,n).

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  • 1. Lee Holmes deposited $15,000 in a new savings account at 9% interest compounded semiannually. At the beginning of year 4 , Lee deposits an additional $40,000 at 9% interest compounded semiannually. At the end of 6 years, what is the balance in Lee's account? (Use the Table provided.) Note: Do not round intermediate calculations. Round your answers to the nearest cent.Future valua intarest factor of S1 ner nerind at i% for n periods, FVIF (i,n).