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Compound Interest In each of these problems, round to the nearest cent. Find the compound amount and the interest earned for the following. ilfAmount Time

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  1. Compound Interest

In each of these problems, round to the nearest cent. Find the compound amount and the interest earned for the following.

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il\fAmount Time Needed (Years) Rate Compounded Present Value 8. $35,000 20 8% annually 9. $15,750 7 6% quarterly 10. $56,900 10 4% semiannuallyTime Compound Interest Amount Rate Compounded (Years) Amount Earned 1. $8700 10% annually 8 2. $12,000 6% semiannually 5 3. $9800 6% semiannually U 4. $12,500 10% quarterly 4

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