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The following money market account rates were available from a particular bank. Find the compound amount and the interest earned. $80,000 at 0.87% compounded quarterly for six years The compound anmount is $ (Do not round until the final answer. Then round to the nearest cent as needed.) The amount of interest earned is $ (Do not round until the final answer. Then round to the nearest cent as needed.)

The following money market account rates were available from a particular bank. Find the compound amount and the interest earned. $80,000 at 0.87% compounded quarterly for six years The compound anmount is $ (Do not round until the final answer. Then round to the nearest cent as needed.) The amount of interest earned is $ (Do not round until the final answer. Then round to the nearest cent as needed.)

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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The following money market account rates were available from a particular bank. Find the compound amount and the interest earned $80,000 at 0.87% compounded quarterly for six years The compound amount is $ (Do not round until the final answer. Then round to the nearest cent as needed.) The amount of interest eamed is $ (Do not round until the final answer. Then round to the nearest cent as needed.) Enter your answer in each of the answer boxes. search 13 米 IO 10 1+ 2$ 4 23 3. 8. R Y U D F GH J K L
Transcribed Image Text:The following money market account rates were available from a particular bank. Find the compound amount and the interest earned $80,000 at 0.87% compounded quarterly for six years The compound amount is $ (Do not round until the final answer. Then round to the nearest cent as needed.) The amount of interest eamed is $ (Do not round until the final answer. Then round to the nearest cent as needed.) Enter your answer in each of the answer boxes. search 13 米 IO 10 1+ 2$ 4 23 3. 8. R Y U D F GH J K L
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