Mathematics

Alana Robinson

17 July, 03:06

Mr. Guny deposits $4,900 in a savings account that pays 3 1/2% interest compounded quarterly.

a. Find the first quarter's interest.

b. Find the first quarter's balance.

c. Find the second quarter's interest.

d. Find the second quarter's balance.

e. Find the third quarter's interest.

f. Find the third quarter's balance.

g. Find the fourth quarter's interest.

h. Find the fourth quarter's balance.

i. How much interest does the account earn in the first year?

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