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
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
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section: Chapter Questions
Problem 69SGR
Related questions
Question
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 |
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