Ask your own question, for FREE!
Mathematics 12 Online
OpenStudy (anonymous):

You would like to have $30,000 in 7 years by making regular deposits at the end of every three months in an annuity that pays 5.5% compounded quarterly. How much of the $30,000 comes from interest? Round your answer to the nearest dollar.

Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!
Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!