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Can you show the way to solve this question? Thank you Using Table 11-1, calculate the compound amount and compound interest (in $) for the
Can you show the way to solve this question? Thank you
Using Table 11-1, calculate the compound amount and compound interest (in \$) for the investment. (Round your answers to the nearest cent.) \begin{tabular}{|c|c|c|c|c|c|} \hline Principal & \begin{tabular}{c} Time \\ Period (vears) \end{tabular} & \begin{tabular}{c} Nominal \\ Rate (%) \end{tabular} & \begin{tabular}{c} Interest \\ Compounded \end{tabular} & \begin{tabular}{c} Compound \\ Amount \end{tabular} & \begin{tabular}{c} Compound \\ Interest \end{tabular} \\ \hline$5,400 & 2 & 8 & quarterly & $15194.30 & $1094.38 \\ \hline \end{tabular}
Can you show the way to solve this question? Thank you
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