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Posted on Sep 29, 2024

5. [-/7.14 Points) DETAILS BRECMBC9 11.1.016. MY NOTES ASK YOUR TEACHER Using Table 11-1, calculate the compound amount and compound interest in $) for the

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5. [-/7.14 Points) DETAILS BRECMBC9 11.1.016. MY NOTES ASK YOUR TEACHER 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 $ 24,000 17 5 annually $ Submit Answer 6. [-17.14 Points] DETAILS BRECMBC9 11.1.020. MY NOTES ASK YOUR TEACHER The following investment requires table factors for periods beyond the table. Using Table 11-1, create the new table factor, rounded to five places, and calculate the compound amount (in $, rounded to the nearest cent.) Principal Time Period (years) Nominal Interest Rate(%) Compounded New Table Factor Compound Amount $18,000 29 8 annually TABLE 11-1 Compound Interest Table (Future Value of $1 at Compound Interest) Periods 19 Periods 1 1,02000 1.0-9040 1 2 3 4 S 1.00500 101003 1.OLSOS 1.02015 1.02525 1.01300 1.0303 1.04568 1.06136 1.07728 1.0.2000 1.0600 1.09273 L 1.12551 1.15027 1.04000 108160 1.12486 1.16786 1.21665 55 1.05000 1.100 LIS763 1.21551 1.27626 1.06000 1.12360 1.19100 1.26348 1.3323 75 1.07000 1.14400 1. 22504 1.31080 1.40255 1.OSCOO 1.16640 1.29971 1.36049 1.46033 1.08243 1.10405 3 4. 5 1.01000 1.02010 1.03030 1.04000 1.OSTOL 1.05152 1.07214 1.0826 1.0936 1.10462 1.09344 1.1984 1.12616 6 7 7 8 9 10 1.03038 1 1.03553 1.04071 1.04591 1.05114 1.26532 1.31993 1.36857 1.42331 1.48024 1.22987 1.25677 1.30477 1.34392 1.34010 1.40710 1.47746 1.55133 1.629 1.41852 1.50 1.59345 1.6894 1.17166 1.19509 1.21899 1.50073 1.60578 1.71819 1.838.45 1.96715 1.58687 1.7112 1.85093 1.99900 1.14339 1.16054 9 10 1.79085 2.15892 12 13 14 IS 1,056:40 1.06168 1.00 1.07232 1,07768 1.11567 1.126 1.13809 1.14947 1.16097 1.17295 1.19562 1.21355 1.23176 1.25023 1.24337 1.26834 1.29361 1.31948 1.34587 1.38423 1.42576 1.4653 1.51259 1.55797 1.51945 1.60103 1.66507 1.73168 1.80094 1.71034 1.79586 1.88565 1.97901 2.0793 1.90 2.01220 2.13293 2.26090 2.39656 2.10485 2.25219 2.4098 2.57853 2.75903 2.33164 2.SINI? 2.71962 2.93719 3.17217 13 15 1.8729 1.94790 16 17 18 19 20 L.ON 107 1.08849 1.0991 1.09940 1.10490 1.17258 1.15430 1.19615 1.2011 1.22019 1.2689 1.2002 1.3074 1.32605 1.34685 1.37279 140024 1.42825 145681 1.48595 1.60471 1.65285 1.70043 1.75351 1.80611 2.18287 2.29202 2.4062 2.52015 2.65110 2.02562 2.1065 2.19112 2.54035 2.69277 2.85434 3.02560 3.20714 2.95216 3.1582 33799 3.61653 3.42594 3.70002 3.902 4.31570 4.66076 16 17 18 19 20 1.36206 4.14056 5.03383 21 22 23 1.38756 1.1 1042 LI1997 1.12155 1.12716 1.29239 1.24472 1.25716 1.26973 1.29243 1.51567 1.5450 1.57,00 1.60844 1.85029 1.91610 1.97359 2.01279 2.0937 2.27877 2.36992 2.46472 2.56330 2.66584 2.78596 2.92526 3.07152 3.22510 3.38635 3.9956 3.60854 3.81975 4.04893 4.29187 21 22 23 4.74061 5.07237 5.42743 1.42950 1.45095 5.43654 5.67146 6.34118 6.84848 25 25 Periods 16% 1.16000 1 2 3 1.09000 1.1880 1.29503 1.4115 1.SE 10% 1. 10000 1.21000 1.31100 1.45410 1.61051 111000 1.23210 1.36763 1.51807 1.6RSOS 12% 1.12000 1.25440 1.40493 1.57352 1.76234 135 1.13000 1.276720 1.44290 1.63047 1.84244 1.14000 1.29960 1.48154 1.68896 1.92541 15% LISCO 1.32250 1.52088 1.74901 2.01136 175 1.17000 1.36800 1.60161 1.87389 2.19345 18% 1.18000 1.39240 1.64303 1.9387 2.28776 Periods 1 2 3 1.56090 1.81054 2.10014 S S 1.67710 2.41640 6 7 1.2004 6 7 8 9 10 1.99256 2.17199 2.36736 1.77156 1.54872 2.14359 2.35795 2.99374 1.87041 2.07616 2.30454 2.55804 2.83942 1.97382 2.21066 2.47596 2.77305 3.1058S 2.65844 3.00104 3.39457 2.19497 2.50227 2.85259 3.25195 3.70722 2.31306 2.66002 3.05902 35178 4.04556 3.27841 3.80296 4.41144 2.56516 3.00134 3.51145 4.00 4.80683 2.672955 3.18547 3.75656 4.43545 5.23334 9. 10 2.58043 3.15176 3.83586 347855 3.89598 5.62399 6.RO 12 13 2.5312 3.13843 3.45227 3.79750 4. 1775 3.06580 3.34173 3.64248 3.8323 4.31014 4.78459 12 13 4.8901 5.53475 6.25427 4.65239 5.35ces 6.15279 7.07571 8.13706 4.81790 5.49241 6.26135 7.13794 5.11726 5.93608 6.83579 7.98752 9.26552 6.17593 7.28759 8.59936 10.14724 11.97375 9.00745 DO_53872 IS 5.47357 IS 3.97031 16 17 43276 5310 5.89509 6.54155 7.26144 8,06231 6.13039 6.86604 7.68997 8.61276 5.05447 S.5599 611591 6.72750 4.71712 5.14166 5.60441 7.06733 7.9560 9.02427 10.19742 11.92300 8.13725 927646 10.57517 12.05569 13.74349 9.35762 10.76126 12.37545 14.23177 16.36654 10.74800 12.46768 14.46251 16.77652 19.46076 16 17 18 14.1.2002 16.67225 19.67325 23.21444 27.39303 19 20 16.87895 19.74 23.10560 20 21 22 6.10 6.65 7.60035 R14037 8.94917 993157 1080NS 12.10031 13.02109 14.7113 15.66758 17.86104 18.82152 21.64475 22.57448 25.18640 27.03355 31.4925 32.32378 38.14206 21 22