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Eight thousand dollars is deposited in a savings account at 4% interest compounded quarterly. Find the balance after 5 years and the amount of
Eight thousand dollars is deposited in a savings account at 4% interest compounded quarterly. Find the balance after 5 years and the amount of interest earned during that time. The balance after 5 years will be $ (Do not round until the final answer. Then round to two decimal places as needed.) The amount of interest earned in 5 years will be (Round to the nearest cent as needed.)
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