Question: Use the compound interest formula to compute the total amount accumulated and the interest earned .$ 6000 for 5 years at 6.5% compounded monthly. The
Use the compound interest formula to compute the total amount accumulated and the interest earned.$ 6000 for 5 years at 6.5% compounded monthly. The total amount accumulated after 5 years is $______ (Round to the nearest cent asneeded.) The amount of interest earned is $_______ (Round to the nearest cent asneeded.)
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