menmaRamirez menmaRamirez

28-10-2022
Mathematics

Answered

National Credit Union pays 5.5% interest compounded quarterly
special notice savings accounts. Marco Garcia deposits
$5,698.80 in a special notice savings account for 2 years.
a. What is the amount in the account after 2 years?
b. At the end of the 2 years, Marco deposits $5,000.00 in
the account. How much is in the account at the end of 2 more
years?
What is the total interest earned in the 4 years?

Answer :

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