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Total amount of compound interest earned

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Joe and Sue invested $1500 at Bank America in 2000, at 4% compounded quarterly. In the year 2005 they moved to another city and took the total money from their first investment added $500 and invested it at Bank Bravo, at 5% compounded quarterly.

a. What is the value of this account now in 2010?

b. What is the total amount of compound interest earned?

Reference no: EM131201654

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