calculate the compound amount and compound interest for the following investment. Click here for Table 11-1 .
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Question:
calculate the compound amount and compound interest for the following investment. Click here for Table 11-1. Round your answers to the nearest cent.
Principal | Time Period (years) | Nominal Rate (%) | Interest Compounded | Compound Amount | Compound Interest |
$8,000 | 4 | 15 | annually | $ | $ |
Related Book For
Principles of Managerial Finance
ISBN: 978-0134476315
15th edition
Authors: Chad J. Zutter, Scott B. Smart
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