An amount of $21,000 is deposited in a bank that pays interest at the rate of 3%/year, compounded annually. What is the total amount on deposit at the end of 7 years, assuming there are no deposits or withdrawals during those 7 years? (Round your answer to the nearest cent.) $ 25827.4 What is the interest earned during that period of time? (Round your answer to the nearest cent.) $ 4827.4
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