Question: Interest is compounded semiannually. Find the amount in the account and the interest earned after the given time. Principle Rate of Interest Time $2000 8%

Interest is compounded semiannually. Find the amount in the account and the interest earned after the given time.

Principle Rate of Interest Time

$2000 8% 3 years

The amount in the account is _____ ( Do not round until the final answer. Then round to the nearest cent as needed.)

The interest earned is ___________( Do not round until the final answer. Then round to the nearest cent as needed.)

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