Question:

Find the compound amount and the amount of interest earned

Last updated: 7/18/2022

Find the compound amount and the amount of interest earned

Find the compound amount and the amount of interest earned by the deposit below. $8,000 at 6.56% compounded continuously for 4 years. What is the compound amount? $ (Do not round until the final answer. Then round to the nearest cent.) What is the interest earned? (Do not round until the final answer. Then round to the nearest cent.) ****