Find the requested value and identify each of the other values as the periodic rate, the number of periods, the principal, or the future value.

$($a$)$ Find S:

S $=1,500(1+0\mathrm{.}04)12.$

$($Round your answer to two decimal places.$)$

S $=$ $

Identify each of the other values as the periodic rate, the number of periods, the principal, or the future value.

$1,500$:

periodic rate

number of periods

principal

future value

$0\mathrm{.}04$:

periodic rate

number of periods

principal

future value

$12$:

periodic rate

number of periods

principal

future value

$($b$)$ Find P:

$20,000=$ P$(1+0\mathrm{.}03)48.$

$($Round your answer to two decimal places.$)$

P $=$ $

Identify each of the other values as the periodic rate, the number of periods, the principal, or the future value.

$20,000$:

periodic rate

number of periods

principal

future value

$0\mathrm{.}03$:

periodic rate

number of periods

principal

future value

$48$:

periodic rate

number of periods

principal

future value