For six year period amanda deposited 700 each quarter into

Reference no: EM13472962

For a six year period, Amanda deposited $700 each quarter into an account paying 5.6% annual interest compounded quarterly.

(a) How much money was in the account at the end of 6 years?

(b) How much interest was earned during the 6 year period?

Amanda then made no more deposits or withdrawals, and the money in the account continued to earn 5.6% annual interest compounded quarterly, for 3 more years.

(d) How much interest was earned during the 3 year period?

Reference no: EM13472962

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