FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Using Table 11-1, calculate the compound amount and compound interest (in $) for the investment. (Round your answers to the nearest cent.)
Principal | Time Period (years) |
Nominal Rate (%) |
Interest Compounded |
Compound Amount |
Compound Interest |
---|---|---|---|---|---|
$6,000 | 4 | 14 | annually | $ | $ |
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- 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 $ $arrow_forwardComplete the table below giving the principal PP that must be invested at interest rate 5 % compounded weekly to obtain a balance of AA = $ 150000 in tt yearsarrow_forwardComplete the following using compound future value. Time 13 years, Principal $16,800, Rate 2%, Compounded annually. What is the amount? What is the interest?arrow_forward
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