If $3000 is placed in an account at 5% and is compounded quarterly for 5 years. How much is in the account at the end of 5 years? Write your answer with no space between characters. Do not use comma within the figures. Answer should be in six (6) significant figures. Answer: $Blank 1

Q: A grandparent puts $4,000 into a college education fund for a grandchild. If the fund earns 2.75%…

A: total amount = P(1+r/100)n here r = 2.75/365 = 0.007534 n = 365*18 = 6570 total amount = 4000(1+…

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Q: compounded quarterly

A:

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Q: deposits

A: The deposit amount is $3,500 , the earning interest is 6.5%=0.065 compounded quarterly.

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