Emma deposited 2000 into a savings account at the end of every quarterly year fo

Question

Emma deposited 2000 into a savings account at the end of every quarterly year for five years at 3% interest compounded quarterly how much money did Emma deposit into the account at the end of every month for 4 years at 3% interest com- pounded monthly. (a) Find the balance at the end of 4 years. (b) How much money did Ethan deposit into the account? (c) How much interest did Ethan earn during the 4 years? (d) Prepare a table showing the balance and interest for the fat ex to ha first 3 months. 26. M 14) Savings Account Emma deposits $2000 into a savings account at the end of every quarter year for 5 years at3% interest com- pounded quarterly (a) Find the balance at the end of 5 years. (b) How much money did Emma deposit into the account? (c) How much interest did Emma earn during the 5 years? 27. Prepare a table showing the balance and interest for the first 3 quarters. 15. Savings Account A person deposits $10,000 into a savings account at 2.2% interest compounded quarterly and then withdraws $1000 at the end of each quarter year. Preparea table showing the balance and interest for the first 3 quarters. 28.

Explanation / Answer

as per your demand

b.>

Emma deposite only 2000 in every 3 months,

therefore Emma deposite 2000*4 = 8000 every year,

hence, Emma deposite in 5 year is =8000*5 = 40000

in this, you don't add any interest part in this,

I hope you understand the concept,

if still, you have any doubt then please feel free to ask in the comment section

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