Question: If $250 is invested at 8% compounded (A) annually, (B) quarterly, (C) monthly, what is the amount after 7 years? How much interest is

If $250 is invested at 8% compounded (A) annually, (B) quarterly, (C)

If $250 is invested at 8% compounded (A) annually, (B) quarterly, (C) monthly, what is the amount after 7 years? How much interest is earned? (A) If it is compounded annually, what is the amount? (Round to the nearest cent.) How much interest is earned? (Round to the nearest cent.) (B) If it is compounded quarterly, what is the amount? 2$ (Round to the nearest cent.) How much interest is earned? (Round to the nearest cent.) (C) If it is compounded monthly, what is the amount? $4 (Round to the nearest cent.) How much interest is earned? - Enter your answer in each of the answer boxes.

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