Posted by **lynn** on Saturday, May 12, 2012 at 7:14pm.

Hello, I'm having a hard time fingering our this question. Not really sure what formula to use. Thanks in advance!

For a five year period, Ned deposited $800 each quarter into an account paying 5.6% annual interest compounded quarterly.

(a) How much money was in the account at the end of 5 years?

(b) How much interest was earned during the 5 year period?

## Answer this Question

## Related Questions

- math - If $7,800 is deposited into an account paying 6% interest compounded ...
- math - If $7,800 is deposited into an account paying 6% interest compounded ...
- Finance - Mary just deposited $33,000 in an account paying 7% interest. She ...
- algebra - If x dollars is deposited every four weeks (13 times a year) into an ...
- Math - Please check my work, thank you If $7,800 is deposited into an account ...
- math - If $7,800 is depostied into an account paying 6% interest compounded ...
- Finance - Joeli deposited $1000 on 1 January 2011 in an account paying interest ...
- Math - Suppose your parents deposited $1500 in an account paying 3.5% interest ...
- Math - Suppose your parents deposited $1500 in an account paying 3.5% interest ...
- math115 - Ms. Jefferson has been given a loan of $20,000 for 1 year. If the ...