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Question 8 of 1 5 A company received a loan of $ 3 0 , 0 0 0 from a bank that was charging interest

Question $8$ of $15$

A company received a loan of $ $30, 000$ from a bank that was charging interest at a rate of $4.80 %$ compounded quarterly.

a $.$ Calculate the accumulated amount of this loan at the end of $6$ years and $3$ months.

Round to the nearest cent

b $.$ Calculate the interest charged on this loan.

Round to the nearest cent

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