What is the total investment of $3500 compounded quarterly for 8 years at a rate of 5%? And what is the total interest made?

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.59TI: New grandparents decide to invest 3200 per month in an annuity for their grandson, The account will...
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What is the total investment of $3500 compounded quarterly for 8 years at a rate of 5%? And what is the total interest made?
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