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Claude made quarterly deposits of $1800 at the beginning of every three-month period into a fund earning 7.2% compounded quarterly for five years. No further
Claude made quarterly deposits of $1800 at the beginning of every three-month period into a fund earning 7.2% compounded quarterly for five years. No further deposits were made. (a) How much will be in the account nine years after the first deposit? (b) How much in total was deposited? (c) How much interest will have been earned? a) The balance in the account nine years after the first deposit will be $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) b) The amount deposited was $ in total, (Round the final answer to the nearest cont as needed. Round all intermediate values to six decimal places as needed.) c) Claude will have eamed sin interest. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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