Suppose a certain manufacturer deposits $3,000 at the beginning of each 3 month period for 8 years in an account paying 8% interest compounded quarterly. (Round your answers to the nearest cent.) (a)...


Suppose a certain manufacturer deposits $3,000 at thebeginning of each 3 month period for 8 years in an account paying 8% interest compounded quarterly. (Round your answers to the nearest cent.)


(a)


How much (in $) will be in the account at the end of the 8 year period?

$




(b)


What is the total amount (in $) of interest earned in this account?

$




Jun 06, 2022
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