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Investing $2,800 with compounded interest

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You invest $2,800 at a 6% annual interest rate, stated as an APR. Interest is compounded monthly. How much will you have in 1.0 year? In 1.5 years? (Do not round intermediate calculations. Round your answers to 2 decimal places)

1 year = $ _______
1.5 years = $ _______

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This solution helps with a problem regarding compounded interest.

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