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Key Bank lends $4,500.000.Is years at 8% compounded quarterly to Rengen Biomedical to fund a clinical trial on a new cancer drug. Find (a) the

Key Bank lends $4,500.000.Is years at 8% compounded quarterly to Rengen Biomedical to fund a clinical trial on a new cancer drug.

Find (a) the future value and (b) the interest.

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