2013年10月12日星期六

For a seven year period, Carl deposited $300 each quarter into an account paying 5.6% annual interest compound?

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For a seven year period, Carl deposited $300 each quarter into an account paying 5.6%

annual interest compounded quarterly. (Round your answers to the nearest cent.) (a) How much money was in the account at the end of 7 years? Show work.

(b) How much interest was earned during the 7 year period? Show work.

Carl then made no more deposits or withdrawals, and the money in the account continued to earn

5.6% annual interest compounded quarterly, for 5 more years.

(c) How much money was in the account after the 5 year period? Show work.

(d) How much interest was earned during the 5 year period? Show work.

For a seven year period, Carl deposited $300 each quarter into an account paying 5.6% annual interest compound?

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