Question: 29. Find (a) the compound amount and (b) the compound interest rate for the given investment and rate. $4000 for 4 years at an effective

29. Find (a) the compound amount and (b) the compound interest rate for the given investment and rate.

$4000 for 4 years at an effective rate of 6%

(Do not round until the final answer. Then round to the nearest cent as needed.)

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