In Math / Senior High School | 2024-10-17

$21,000 is deposited for 2 years in an account earning 8% interest. (Round your answers to two decimal places.)
(a) Calculate the interest earned if interest is compounded semiannually.
$
Incorrect: Your answer is incorrect.


(b) Calculate the interest earned if interest is compounded quarterly.
$
Incorrect: Your answer is incorrect.


(c) How much more interest is earned on the account when the interest is compounded quarterly?
$

Asked by shawnbrackett2