question archive To establish a extra cash reserve account, a certain company deposits $12,000 of its profit at the end of each quarter into a money market account that pays 1
To establish a extra cash reserve account, a certain company deposits $12,000 of its profit at the end of each quarter into a money market account that pays 1
Subject:MathPrice:2.86 Bought3
To establish a extra cash reserve account, a certain company deposits $12,000 of its profit at the end of each quarter into a money market account that pays 1.95% interest compounded quarterly. (Round your answers to the nearest cent.)
A) How much (in$) will the account be worth in 2 years?
B) How much (in $) will the account be worth in 3 1/2 years?
