Answered

Westonci.ca offers fast, accurate answers to your questions. Join our community and get the insights you need now. Get immediate and reliable solutions to your questions from a community of experienced professionals on our platform. Get detailed and accurate answers to your questions from a dedicated community of experts on our Q&A platform.

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:

Thank you for choosing our service. We're dedicated to providing the best answers for all your questions. Visit us again. We hope this was helpful. Please come back whenever you need more information or answers to your queries. Keep exploring Westonci.ca for more insightful answers to your questions. We're here to help.