3. Calculate the following compound amount and compound interest.

Principal: $9,200

Rate: 10%

Time (Years): 3

Compounded: annually

Compound Amount:___________________________

Compound Interest: __________________________

Using the present value table, find the percent value in each of the following problems.

4. Future Amount: $8,000

Period of time (Years): 3

Interest Rate: 6%

Compound Period: Quarterly

Present Value: _______________________

5. Future Amount: $7,150

Period of Time (Years): 4

Interest Rate: 8%

Compound Period: Annually

Present Value: ______________________

6. Compute the interest, compounded quarterly.

Principal: $7,500

Interest Rate: 12%

Period of Time (Years): 2

Compound Interest: __________________