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Calculate the present value (principal) and the compound interest (in $). Use Table 11-2. Round your answers to the nearest cent. Compound Amount Term of
Calculate the present value (principal) and the compound interest (in $). Use Table 11-2. Round your answers to the nearest cent.
| Compound Amount | Term of Investment | Nominal Rate (%) | Interest Compounded | Present Value | Compound Interest |
|---|---|---|---|---|---|
| $6,000 | 12 years | 6 | semiannually | $ | $ |
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Costing
Authors: Lucey
7th Edition
1844809439, 978-1844809431
