Answered

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Suppose a certain manufacturer deposits $7,000 at the beginning of each 3 month period for 6 years in an account paying 8% interest compounded quarterly. (For each answer, enter a number. Round your answers to the nearest cent.)

(a)

How much (in $) will be in the account at the end of the 6 year period?

$


(b)

What is the total amount (in $) of interest earned in this account?

$

Sagot :

Answer:

a=26

b=64

c 7064.26

Step-by-step explanation:

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