Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman

Exercise 4

Solve the following exercises by using Table 12-1.
Suntech Distributors, Inc. deposits $5,000 at the beginning of each 3-month period for 6 years in an account paying 8% interest compounded quarterly.
a. How much will be in the account at the end of the 6-year period
b. What is the total amount of interest earned in this account