1)2)

3)

(a) Joe Blow deposits $2,600 at the end of each quarter for 35 years into an account paying 11% compounded quarterly. How much is in Joe's account at the end of the 35 years? (Round your answer to the nearest cent.) (b) How much interest does Joe earns on his deposits? $ Mary Poppins deposits $1,800 at the end of each quarter for 20 years into an account paying 6% compounded quarterly. (a) How much money is in Mary's account after 5 years? (Round your answer to the nearest cent.) (b) How much money is in Mary's account after 6 years? (Round your answer to the nearest cent.) (c) How much money interest does Mary earns during the 6th year (from year 5 to year 6)? Twins graduate from college together and start their careers. Twin 1 invests $2000 at the end of each year for 10 years only (until age 35) in an account that earns 9%, compounded annually. Suppose that twin 2 waits until turning 40 to begin investing. How much must twin 2 put aside at the end of each year for the next 25 years in an account that earns 9% compounded annually in order to have the same amount as twin 1 at the end of these 25 years (when they turn 65)? (Round your answer to the nearest cent.) $ 3442.07 X