Question: Interest is compounded semianually. Find the amount in the account and the interest earned after the given time. Principal Rate of Interest Time $1000 7%

Interest is compounded semianually. Find the amount in the account and the interest earned after the given time. Principal Rate of Interest Time $1000 7% 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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