Question: Find the compound interest and future value. Round your answers to the nearest cent. Do not round intermediate steps. Principal Rate Compounded Time $550 4.75%
Find the compound interest and future value. Round your answers to the nearest cent. Do not round intermediate steps.
| Principal | Rate | Compounded | Time |
|---|---|---|---|
| $550 | 4.75% | Quarterly | 4 years |
| The future value is $ , and the compound interest is $
|
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