For the following investment, find the total number of compounding periods and the interest rate per period.

Do not enter the percent symbol in your answer.

Term of Investment	Nominal (Annual) Rate (%)	Interest Compounded	Compounding Periods	Rate per Period (%)
8 years	5.5	semiannually		%

Using Table 11-1, calculate the compound amount and compound interest for the following investment. Click here for Table 11-1. Round your answers to the nearest cent.

Principal	Time Period (years)	Nominal Rate (%)	Interest Compounded	Compound Amount	Compound Interest
$40,000	19	12	annually	$	$