Business, 17.04.2020 23:01 036501

Merle Fonda opened a new savings account. She deposited $40,000 at 10% compounded semiannually. At the start of the fourth year, Merle deposits an additional $20,000 that is also compounded semiannually at 10%. At the end of six years, the balance in Merle's account is:

A.$73,604.00
B.$53,604.00
C.$80,406.00
D.$98,636.72
E. None of these

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Merle Fonda opened a new savings account. She deposited $40,000 at 10% compounded semiannually. At t...