Question: Use the table to find both the compound amount and the interest on $5000 at 16 % for 2 years. Interest is compounded quarterly. LOADING...

Use the table to find both the compound amount and the interest on $5000 at 16 % for 2 years. Interest is compounded quarterly. LOADING... Click the icon to view the compound interest table. Question content area bottom Part 1 What is the compound amount? $ enter your response here (Round to the nearest cent as needed.) Part 2 What is the interest? $ enter your response here (Round to the nearest cent as needed.)

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