Your grandma invested some money 64 years ago into an account earning 2.91% per year, compounded quarterly. She now has $39578 in her account Round to the penny. a. How much money did your grandam invest 64 years ago? $ b. How much interest did she earn on the investment? $

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A: Here given  Principle amount P=$100 rate r=6.3% time t=30 years,

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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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