Question:
Determine the total amount and the interest paid on $4000
Last updated: 7/20/2022
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Determine the total amount and the interest paid on $4000 with interest compounded monthly for 5 years at a) 2%. b) 4%. c) 8%. d) Is there a predictable outcome in either the amount or the interest when the rate is doubled? a) The total amount accumulated at 2% is $ (Round to the nearest cent as needed.)