1. Valley Savings and Trust pays 5% interest compounded quarterly
on regular savings accounts. Leland Davis deposited $2,000 in a
regular savings account. He made no other deposits or withdrawals
during the interest period
a. What is the amount in the account after 114 years?
b. How much interest did his money earn?
c. What is the amount in the account if the money is left on
deposit for 6 more months?
d. How much interest did his money earn?
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