22.Calculate the present value (principal) and the compound interest (in $). Use Table 11-2. Round your answers to the nearest cent. Compound Amount Term of Investment Nominal Rate (%) Interest Compounded Present Value Compound Interest $26,500 18 months 4 semiannually $ $

Essentials Of Investments
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Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Chapter1: Investments: Background And Issues
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22.Calculate the present value (principal) and the compound interest (in $). Use Table 11-2. Round your answers to the nearest cent.
Compound
Amount
Term of
Investment
Nominal
Rate (%)
Interest
Compounded
Present
Value
Compound
Interest
$26,500 18 months 4 semiannually $   $  
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