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Calculate the following, using Table 12.2 on page 308: Principle Interest Rate Compounded Daily Period (in years) Rate from Table 12.2 Total Total Interest a.
- Calculate the following, using Table 12.2 on page 308:
|
| Principle | Interest Rate | Compounded Daily | Period (in years) | Rate from Table 12.2 | Total | Total Interest |
| a. | $700 | 6.5% |
| 7 | 1.5761 |
|
|
| b. | $1,000 | 8% |
| 6 | 1.6160 |
|
|
| c. | $800 | 9.5% |
| 4 | 1.4622 |
|
|
| d. | $1,500 | 10% |
| 10 | 2.7179 |
|
|
| e. | $500 | 9.5% |
| 30 | 17.2813 |
|
|
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