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Complete the following using compound future value. (Use the Table provided.) (Round your answers cent.) Rate Amount interest Time 10 years Principal $ 16,500 Compounded
Complete the following using compound future value. (Use the Table provided.) (Round your answers cent.) Rate Amount interest Time 10 years Principal $ 16,500 Compounded Annually 4 % Principal: $15,600 Interest rate: 8% Compounded quarterly Calculate the effective rate (APY) of interest for 1 year. (Use the Table provided.) (Do not round intermediat calculations. Round your final answer to the nearest hundredth percent.) Effective rate % Complete the following using present value. (Use the Table 12.3.) (Do not round intermediate calculations. Round the "PV factor" to 4 decimal places and final answer to the nearest cent.) On PV Table 12.3 Length of time Rate Compounded Amount desired at end of period $ 19,700 Period used Rate used PV factor used. PV of amount desired at end of period 5 years 12 % Quarterly Find the future value. (Use the Table 12.1.) (Do not round intermediate calculations. Round the "FV factor" to 4 decimal places and final answer to the nearest cent.) Present value Length of time FV factor used On FV Table 12.1 Period used Rate used 5% Rate 20% Future Compounded Quarterly 4.770.37 7 years 28
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