Compounded semiannually The principal represents an amount of money deposited in a savings account subject to compound interest at the given rate. Principal Time Rate 2% $8000 5 years A. Find how much money there will be in the account after the given number of years. B. Find the interest earned. A Click the icon to view some finance formulas. A. The amount of money in the account after 5 years is $ (Round to the nearest hundredth as needed.) B. The amount of interest earned is $ (Round to the nearest hundredth as needed.)

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