Emma deposits $2000 into a savings account at the end of every quarter year for 5 years

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Emma deposits $2000 into a savings account at the end of every quarter year for 5 years at 3% interest compounded quarterly.
(a) Find the balance at the end of 5 years.
(b) How much money did Emma deposit into the account?
(c) How much interest did Emma earn during the 5 years?
(d) Prepare a table showing the balance and interest for the first 3 quarters.
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Finite Mathematics and Its Applications

ISBN: 978-0134768632

12th edition

Authors: Larry J. Goldstein, David I. Schneider, Martha J. Siegel, Steven Hair

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