I need the answer to B.
Use Table 12-1 to solve.
Suppose a certain manufacturer deposits $7,000 at the beginning of each 3 month period for 6 years in an account paying 8% interest compounded quarterly. (Round your answers to the nearest cent.)
(a)
How much (in $) will be in the account at the end of the 6 year period?
$
**217212.10**
(b)
What is the total amount (in $) of interest earned in this account?
