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Parts A and B 8. (10 pts) (a) If $6,000 is invested in an account which offers 4%, compounded monthly, find the amount in the

Parts A and B

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8. (10 pts) (a) If $6,000 is invested in an account which offers 4%, compounded monthly, find the amount in the account after 15 years, Show work. (b) If 56,000 is invested in an account which offers 4%, compounded continuously, find the amount in the account after 15 years; Show work

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