You invest $3500 at a 5.5% interest rate compounded quarterly for 9 months: a. Calculate the interest amount for the fir
Posted: Thu Jul 07, 2022 2:23 pm
You invest $3500 at a 5.5% interest rate compounded quarterlyfor 9 months:a. Calculate the interest amount for the first quarter.b. Calculate the interest amount for the second quarter.c. Calculate the interest amount for the third quarter.d. Calculate the total interest amount for the threequarters.e. Calculate the balance in the account at the end of the 9months.