Complete the following without using Table12.1. Note: Round the "Total amount" and "Total interest" to the nearest cent. Principal $ 1,340 Time (years) 1 Rate of compound interest Compounded Periods 6 % Quarterly Rate % Total amount Total interest

7.Compute the principal (in $) for the loan. Use ordinary interest when time is stated in days. Principal Rate (%) Time Interest $   7 1 1 2  years $735

Simple and Compound Interesta. For each of the following notes, calculate the simple interest due at the end of the term. Round to the nearest dollar. Note Principal Rate Term 1 $18,000 4% 6 years 2 $18,000 6% 4 years 3 $18,000 8% 3 years   Note 1 Answer   Note 2 Answer   Note 3 Answer     b. Compute the amount of interest due at the end of the term for each of the above notes assuming interest is compounded annually.Use Excel or a financial calculator for your computations. Round your answer to the nearest dollar. Note 1 Answer   Note 2 Answer   Note 3 Answer

For the case shown in the following table, determine the amount of the equal, end of year deposits necesssary to accumulate the given sum at the end of teh specified period, assuming the stated annual interest rate. Sum to be accumulated Accumulation Period (Years) Interest Rate $124,600 20 11%

21.Calculate the present value (principal) and the compound interest (in $). Use Table 11-2. Round your answers to the nearest cent. CompoundAmount Term ofInvestment NominalRate (%) InterestCompounded PresentValue CompoundInterest $8,000 12 years 6 semiannually $   $

Complete the following, using exact interest. (Use Days in a year table.) Note: Do not round intermediate calculations. Round the "Interest" and "Maturity value" to the nearest cent. Principal Interest rate 5% 590 Date borrowed Date repaid Exact time June 10 December 12 Interest Maturity value

Using Table 11-1, calculate the compound amount and compound interest (in $) for the investment. (Round your answers to the nearest cent.) Time Principal Period (years) Nominal Rate (%) Interest Compounded $26,000 11 5 annually $ Compound Amount $ Compound Interest

20.Calculate the present value (principal) and the compound interest (in $). Use Table 11-2. Round your answers to the nearest cent. CompoundAmount Term ofInvestment NominalRate (%) InterestCompounded PresentValue CompoundInterest $36,000 6 years 4 semiannually $   $

22.Calculate the present value (principal) and the compound interest (in $). Use Table 11-2. Round your answers to the nearest cent. CompoundAmount Term ofInvestment NominalRate (%) InterestCompounded PresentValue CompoundInterest $26,500 18 months 4 semiannually $   $