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What is the maturity value of a 1-year term deposit of $8546.06 at 4.5% compounded monthly? How much interest did the deposit earn? The maturity
What is the maturity value of a 1-year term deposit of $8546.06 at 4.5% compounded monthly? How much interest did the deposit earn? The maturity value of the term deposit is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) The amount of interest earned is $. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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