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Use the compound interest formula to compute the total amount accumulated and the interest earned. $4500 for 2 years at 1.6% compounded monthly The total

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Use the compound interest formula to compute the total amount accumulated and the interest earned. $4500 for 2 years at 1.6% compounded monthly The total amount accumulated after 2 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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