*solve execises by using compounded interest formula

Principal $ 700
Time period 8years
nominal rate (%) 1.5
Interest compounded monthly
Compound amount ?
Compounded interest ?

*need to find the compound amount and compound interest

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  1. Please do not use more than one name for your posts.

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    posted by MathMate
  2. Umm Me and my friend posting cause we needed help!

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  3. $1200.00

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    posted by betty

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