Question: Find the compound amount for the deposit and the amount of interest earned. $12,000 at 6% compounded monthly for 16 years The compound amount after

Find the compound amount for the deposit and the amount of interest earned.

$12,000 at 6% compounded monthly for 16 years

The compound amount after 16 years 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.)

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