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Please answer the question 1 . 2 5 To attract new customers, EP Employees Credit Union advertised that they will begin paying 3 % interest
Please answer the question
To attract new customers, EP Employees Credit
Union advertised that they will begin paying
interest every quarter on all savings accounts.
Their competitors pay interest every months.
The credit union uses March st June th
September th and December st as quarterly
interest periods. Determine the endof period
totals in the account, and b the interest paid
each quarter on the total. Assume there are no
withdrawals and that quarterly interest is not
redeposited.
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