Question: Use Table 13 - 1 Appropriate formula for Exercise 11 - 16. See Examples 3 and 4 for table or Examples 5 through 7 for

Use Table 13 - 1 Appropriate formula for Exercise 11 - 16. See Examples 3 and 4 for table or Examples 5 through 7 for formulas.
A loan of $8,000 for two acres of woodland is compounded quarterly at an annual rate of 6% for five years. Find the compound amount and the compound interest?

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