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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
1.25 To attract new customers, EP Employees Credit
Union advertised that they will begin paying 3%
interest every quarter on all savings accounts.
(Their competitors pay interest every 6 months.)
The credit union uses March 31st, June 30th,
September 30th, and December 31 st as quarterly
interest periods. Determine (a) the end-of 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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