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5. [0/2 Points] DETAILS PREVIOUS ANSWERS BRECMBC9 11.11.012. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER The following investment requires a table factor for a period
5. [0/2 Points] DETAILS PREVIOUS ANSWERS BRECMBC9 11.11.012. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER The following investment requires a table factor for a period beyond the table. Calculate the new table factor and the present value (principal). Use Table 11-2. Round your new table factor to five decimal places and your present value to the nearest cent. Compound Term of Nominal Rate (%) Interest Compounded New Table Factor Amount Investment (years) Present Value $36,000 36 7 annually Need Help? Submit Answer Read It 11.42394 X $ 411261.92 X
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