You deposit $340 each quarter into an account earning 2.4% interest compounded quarterly. a) How much will you have in the account in 25 years? 77363839.64 b) How much total money will you put into the account? 102000 c) How much total interest will you earn? 77261839.64
You deposit $340 each quarter into an account earning 2.4% interest compounded quarterly. a) How much will you have in the account in 25 years? 77363839.64 b) How much total money will you put into the account? 102000 c) How much total interest will you earn? 77261839.64
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section: Chapter Questions
Problem 48CR
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Question
![You deposit $340 each quarter into an account earning 2.4% interest compounded quarterly.
a) How much will you have in the account in 25 years?
77363839.64
b) How much total money will you put into the account?
$ 102000
c) How much total interest will you earn?
77261839.64](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F00286e1f-3dfa-463d-8755-33d1f443cb43%2Fc07725e9-6940-46d9-9ccb-6d30999b2d0c%2F1ns15fq_processed.jpeg&w=3840&q=75)
Transcribed Image Text:You deposit $340 each quarter into an account earning 2.4% interest compounded quarterly.
a) How much will you have in the account in 25 years?
77363839.64
b) How much total money will you put into the account?
$ 102000
c) How much total interest will you earn?
77261839.64
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