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1. Find the amount of money in the account after 3 years and the amount of interest earned base on the following information: - Principal:
1. Find the amount of money in the account after 3 years and the amount of interest earned base on the following information:
- Principal: $4000
- Rate: 2.5%
- Compound: Monthly
- Time: 3 years
2. Find the accumulated value of an investment of $25,000 for 3 years at an interest rate of 6.5% if the money is a. compounded semiannually; b. compounded quarterly; c. compounded monthly d. compounded continuously. Round answers to the nearest cent.
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