The treasurer of a company deposits $350,000.00 at the beginning of each quarter in an account that

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The treasurer of a company deposits $350,000.00 at the beginning of each quarter in an account that pays an interest rate of 2.625% compounded quarterly.

Calculate:

a. The accumulated amount in three years.

b. Interest earned in four years.

Related Book For answer-question

Business Math

ISBN: 978-0133011203

10th edition

Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble

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Posted Date: May 15, 2023 05:32 AM

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The treasurer of a company deposits $350,000.00 at the beginning of each quarter in an account that

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a To calculate the accumulated amount in three years we need to determine the future value of the qu... View the full answer

Business Math

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