Compute the compound amount and the interest on a loan of $10,300 compounded annually for four years at 12%. Use the $1.00 future value table or the future value and compound interest formula.

Future Value or Compound Amount of $1.00 Table shows future value (FV) of $1.00 compounded for N periods at R rate per period: Table values can be gnerated using the formula FV=$1(1+R)N