Gross Chan
01/20/2024 · Primary School
Find the compound amount for the deposit and the amount of interest earned. \( \$ 5900 \) at \( 9 \% \) compounded quarterly for 2 years The compound amount after 2 years is \( \$ \square \). (Do not round until the final answer. Then round to the nearest cent as needed.)
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The compound amount after 2 years is $7008.04, and the interest earned is $1108.04.
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