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An amount of $1,000 is invested on 22 December 2020 at12% pacompounded quarterly. Calculate the interest (I) earned between 22 December 2023 and 22 December

An amount of $1,000 is invested on 22 December 2020 at12% pacompounded quarterly. Calculate the interest (I) earned between 22 December 2023 and 22 December 2026. Give your answer in dollars and cents to the nearest cent.

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