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 800,000 10 years 4 annually

Find the present value of $90,000 due in 7 years at the given rate of interest. (Use a 365-day year. Round your answer to the nearest cent.) 3%/year compounded quarterly

Suppose a 40-year old person deposits $8000 per year in an individual retirement account until age 65. Find the total in the account with the following assumption of an interest rate. (Assume quarterly compounding, with payments of $2000 made at the end of each quarter period.). Find the total amount of interest earned. 7%     The total in the account $___. (Round to the nearest CENT as needed.)

Given a nominal interest rate of 2.5% compounded daily (ie: compounded on each calendar day), determine the starting principal required to produce an accumulated amount of $10000 after a term of 5 years. Round your answer to the nearest dollar. Starting Principal = $ Check

Calculate the present value of a compound interest account that will have $15,000 after 12 years at 4.4% annual interest compounded semiannually. Round your answer to the nearest cent.

A principal amount of $14,390 is placed in a savings account with an annual interest rate of 4.13% compounded monthly. How much interest does the account earn after 21 years?  $19,814.06  $19,865.03  $34,204.06  $34,255.03