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Use the formula M = P(1 + i) for compound situations to find the compound amount and the interest Interest is compounded quarterly Do not

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Use the formula M = P(1 + i) for compound situations to find the compound amount and the interest Interest is compounded quarterly Do not use the table value to shortcut the computation plug the numbers into the formula and use your calculator to compute Principal Rate of Interest 315600 15 What is the compound amount? $ (Round to the nearest cent) What is the amount of compound interest? S (Round to the nearest cent)

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