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Use the compound interest formula to compute the total amount accumulated and the interest earned. $8000 for 3 years at 7% compounded daily (use

Use the compound interest formula to compute the total amount accumulated and the interest earned. $8000 for 3 years at 7% compounded daily (use n = 360) The total amount accumulated after 3 years is $ (Round to the nearest cent as needed.) The amount of interest earned is $ (Round to the nearest cent as needed.)

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