Logan inherited $8,000 from his grandmother. He split the money equally between the two accounts below. Find the total amount of money he will have in the accounts combined after 5 years. Account A: earns 7.5% interest, compounded quarterly Account B: earns 5.5% interest, compounded annually

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A: Given that  Principal amount (P) = $8600 Interest rate (R) = 6.5% per annum = 0.065   We know that…

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A: The solution is given below.

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A:

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A:

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A: Solution

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A:

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A: We have to solve the given question.

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