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BRECMBC9 11.I.020. ires table factors for period BRECMBC9 11.I.026 Using Table 11-1, calculate the compound amount and compound interest (in S) for the investment. (Round
BRECMBC9 11.I.020. ires table factors for period BRECMBC9 11.I.026
Using Table 11-1, calculate the compound amount and compound interest (in S) for the investment. (Round pour answers to the nearest cent.) Time Principal Period (years) $26,000 Submit Answer Nominal Rate (0,'0) Interest Compounded annually Compound Amount Compound Interest [-11 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 S, rounded to the nearest cent.) Time Principal Period (years) $15,000 Submit Answer Nominal Rate (0,'0) Interest Compounded annually New Table Factor Compound Amount [-11 Points] DETAILS BRECMBC9 11.1.026. MY NOTES ASK YOUR TEACHER Using Table 11-1, compute the amount of compound interest (in S) earned in 1 year and the annual percentage yield (APY) for the investment. (Round pour answers to two decimal places.) Nominal Principal Rate (0,'0) $34,000 Interest Compounded monthly Compound Interest Earned in 1 Year Annual Percentage Yield (APY)
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