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Part 1 Calculate the future value of $8,000 earning 8% interest compounded quarterly for 5 years. (Round your answer to two decimal places.) Part 2
Part 1
Calculate the future value of $8,000 earning 8% interest compounded quarterly for 5 years. (Round your answer to two decimal places.)
Part 2
How much interest (in dollars) is earned in 7 years on $8,400 deposited in an account paying 8% interest compounded semiannually? (Round your answer to the nearest cent.)
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