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Suppose $7000 is deposited in an account that pays 6% per year compounded semi-annually. Find (a) the compound amount at the end of 2 years.

Suppose $7000 is deposited in an account that pays 6% per year compounded semi-annually. Find (a) the compound amount at the end of 2 years. (b) the total interest earned during the 2 years period. (Round the answers to 2 decimal places.) (a) (b)

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