Question: Find (a) the compound amount and (b) the compound interest for the given investment and rate: 1. $2000 for 5 years at an effective rate

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

1. $2000 for 5 years at an effective rate of 2%.

(a) The compound amount is $ .

(b) The compound interest amount is $ .

2. $350 for 12 months at an effective rate of 3%.

(a) The compound amount is $ .

(b) The compound interest amount is $ .

3. $10000 for 8 months at an effective rate of 5%.

(a) The compound amount is $ .

(b) The compound interest amount is $

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