Question
1. calculate the compound amount and compound interest for the investment, rounding to the nearest cent. Term of Nominal Interest Compound Compound Principal Investment Rate
1. calculate the compound amount and compound interest for the investment, rounding to the nearest cent.
| Term of | Nominal | Interest | Compound | Compound |
| Principal | Investment | Rate | Compounded | Amount |
| $8,200 | 5 years | 8% | quarterly | _________ |
2. calculate the present value (principal) and the compound interest for the following investment, rounding to the nearest cent.
| Compound | Term of | Nominal | Interest | Present | Compound |
| Amount | Investment | Rate | Compounded | Value | Interest |
| $100,000 | 3 years | 11% | annually | ________ | _________ |
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Business Forecasting
Authors: John E. Hanke, Dean Wichern
9th edition
132301202, 978-0132301206
