document.write( "Question 1172839: Suppose a certain manufacturer deposits $9,000 at the beginning of each 3 month period for 6 years in an account paying 8% interest compounded quarterly. (Round your answers to the nearest cent.)\r
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document.write( "How much (in $) will be in the account at the end of the 6 year period?\r
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document.write( "What is the total amount (in $) of interest earned in this account?\r
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document.write( "I was able to find how much the account will be in 6 years which is $279272.7\r
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document.write( "I'm not sure how to find the total amount of interest earned. \n" );
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Algebra.Com's Answer #797968 by ikleyn(52782)![]() ![]() You can put this solution on YOUR website! .\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "The manufacturer deposited, actually, 9000*4*6 = 216000 dollars.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "The difference between your number $279272.7 and $216000 is the interest earned in 6 years.\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |