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Find (a) the compound amount and (b) the compound interest rate for the given investment and rate. $4000 for 3 years at an effective rate

Find (a) the compound amount and (b) the compound interest rate for the given investment and rate.

$4000 for 3 years at an effective rate of 5%

Find (a) the compound amount and (b) the compound interest rate for the given investment and rate. $4000 for 3 years at an effective rate of 5% (a) The compound amount in the account after 3 years is $ (Do not round until the final answer. Then round to the nearest cent as needed.)

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