Complete the following without using Table12.1. (Round the "Total amount" and "Total interest" to the nearest cent.) X Answer is complete but not entirely correct. Principal Time (years) Compounded Periods Rate Total amount Total interest Rate of compound interest 10 S 1,360 1 % Quarterly 4 10.4 x % $ 1,501.19S 10.40 x TABLE 12.1 Future value of $1 at compound interest Period 1% 1 % 2% 3% 4% 5% 6% 7% 8% 9% 10% 1 1.0100 1.0150 1.0200 1.0300 1.0400 1.0500 1.0600 1.0700 1.0800 1.0900 1.1000 2 1.0302 1.0404 1.0609 1.08 16 1.1025 1.1236 1.1449 1.1664 1.1881 1.2100 1.0201 1.0303 3 1.0457 1.0612 1.0927 1.1249 1.1576 1.1910 1.2250 1.2597 1.2950 1.3310 4 1.0406 1.0614 1.0824 1.1255 1.1699 1.2155 1.2625 1.3108 1.3605 1.4116 1.4641 5 1.0510 1.1041 1.1593 1.2167 1.2763 1.3382 1.4026 1.4693 1.5386 1.6105 6 1.0615 1.1262 1.1941 1.2653 1.3401 1.4185 1.5007 1.6771 1.7716 1.0773 1.0934 1.1098 1.1265 7 1.1487 1.3159 1.5036 1.6058 1.0721 1.0829 1.8280 1.2299 1.2668 1.5869 1.7138 1.8509 1.4071 1.4775 8 1.1717 1.3686 1.5938 1.7182 1.9926 1.9487 2.1436 2.3579 9 1.0937 1.1434 1.1951 1.3048 1.4233 1.5513 1.6895 1.8385 1.9990 2.17 19 10 1.1046 1.1605 1.2190 1.3439 1.4802 1.6289 1.7908 1.9672 2.1589 2.3674 2.5937 11 1.1157 1.2434 1.3842 1.5395 1.7103 1.8983 2.1049 2.3316 2.5804 2.8531 12 1.1780 1.1960 1.2135 1.2682 1.4258 1.6010 1.7959 2.0122 2.2522 1.1268 1.1381 3.1384 2.5182 2.7196 2.8127 3.0658 13 1.2936 1.4685 1.6651 1.8856 2.1329 2.4098 3.4523 14 1.1495 1.2318 1.3195 1.5126 1.7317 1.9799 2.2609 2.5785 3.3417 3.7975 2.9372 3.1722 1.2502 1.5580 2.0789 2.7590 4. 1772 15 16 1.1610 1.1726 1.3459 1.3728 1.8009 1.8730 2.3966 2.5404 3.6425 3.9703 1.2690 1.6047 2.1829 3.4259 4.5950 2.9522 3.1588 17 1.1843 1.2880 1.4002 1.6528 1.9479 2.2920 2.6928 3.7000 4.3276 5.0545 18 1.1961 1.3073 1.4282 1.7024 2.0258 2.4066 2.8543 3.3799 3.9960 4.7171 5.1417 5.5599 6.1159 19 1.2081 1.3270 1.4568 1.7535 2.5270 3.0256 3.6165 4.3157 2.1068 2.1911 20 1.2202 1.3469 1.4859 1.8061 2.6533 3.2071 3.8697 4.6610 5.6044 6.7275 21 1.2324 1.3671 1.5157 1.8603 2.2788 2.7860 3.3996 4.1406 5.0338 6.1088 7.4002 22 1.3876 1.5460 2.3699 2.9253 3.6035 4.4304 5.4365 6.6586 8.1403 1.2447 1.2572 1.2697 1.9161 1.9736 23 1.4084 1.5769 2.4647 3.0715 3.8197 4.7405 5.8715 7.2579 8.9543 24 1.4295 1.6084 2.0328 2.5633 3.2251 4.0489 5.0724 6.3412 7.9111 9.8497 25 1.2824 1.4510 1.6406 2.0938 2.6658 3.3864 4.2919 5.4274 6.8485 8.6231 10.8347 26 1.2953 1.4727 1.6734 2.1566 2.7725 3.5557 4.5494 5.8074 7.3964 9.3992 11.9182 13.1100 27 1.3082 1.4948 1.7069 2.2213 2.8834 4.8223 6.2139 10.2451 3.7335 3.9201 7.9881 8.6271 28 1.5172 1.7410 2.2879 2.9987 5.1117 14.4210 1.3213 1.3345 6.6488 7.1143 11.1672 12.1722 29 1.5400 1.7758 3.1187 4.1161 5.4184 9.3173 15.8631 2.3566 2.4273 30 1.3478 1.5631 1.8114 3.2434 4.3219 5.7435 7.6123 10.0627 13.2677 17.4494 Note: For more detailed tables, see your reference booklet, the Business Math Handbook
