Question: Find (a) the compound amount and (b) the compound interest rate for the given investment and rate. $5000 for 2 years at an effective rate

Find (a) the compound amount and (b) the compound interest rate

Find (a) the compound amount and (b) the compound interest rate for the given investment and rate. $5000 for 2 years at an effective rate of 5% (a) The compound amount in the account after 2 years is $ (Do not round until the final answer. Then round to the nearest cent as needed.)

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