Ethan deposits $500 into a savings account at the end of every month for 4 years at

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Ethan deposits $500 into a savings account at the end of every month for 4 years at 3% interest compounded monthly.
(a) Find the balance at the end of 4 years.
(b) How much money did Ethan deposit into the account?
(c) How much interest did Ethan earn during the 4 years?
(d) Prepare a table showing the balance and interest for the first 3 months.
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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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