MIES ASK YOUR TEACHER The following investment requires table factors for periods beyond the table. Using table 11 l, create the new tattoo decorate $. rounded to the nearest cent.) Principal Time Period (years) Nominal Interest Hate (W) Compounded New Table Factor Compound Amount 317,000 29 annually WOR TEACHER The First National Bank is offering a year certificate of deposit (CD) at 4% Interest compounded quarterly Second National Bank offering a year CD5% interest compounded annually. (Round your answers to two decimal places) (a) If you were interested in investing $7,000 in one of these CDs, calculate the compound amount (ins) of each offer (Use Table 11-1.) First National Bank $ Second National Bank $ (b) What is the annual percentage yield of each CD? First National Bank Second National Bank 95 (c) 1 Third National Bank has 4 year coat 45% interest compounded monthly use the compound Interest formula to calculate the compound amounts of this offer $ As an incentive to attract savings deposits, most financial institutions today for daily and even continuous compounding this means that mangs, of account certificates of Heport (CD), earn interest compounded each day or even more frequently, such as every hour or even every minute (Ctinuous compounding, which con Occurs every instant, inwolves a different formula that is derived from the formula we ve been usingt's take a look at y compounding To calculate the compound amount of an investment with daily compounding, use the compound interest formula modified from Rate per period (daily) (nominal interest rate, divided by 365) 365 Number of periods (dayu), n, number of days of the investment A 1 + 365 Calculator Sequence (1 + (365)) xP (Round your answers to the nearest cent (a) On April 12, Thomas Ash deposited $2.600 in a passbook savings account test compounded daily. What the compound amount of mong $ () Using daily compounding, calculate the compound amount (in $) of an $4.000 investment for each the The First National Bank is offering a 5 year CD at interest The Second National Bank is offering a 5 year CD at interest The Third National Bank has a 5 year CD at 5. Interest First National Bank S Second National Bank 5 Third Pational Bank As an incentive to attract savings deposit, most financial institutions today offer daily and even continous componding. This means that swings or pwokat, a well as Certificates of deposit (CDs). cam interest compounded each day or even more frequently, has very hour or even very minute (Continuous compounding, which companies Octs every instant, involves a different formula that is ved from the formula we've been using costa a fook at all compound To calculate the compound amount of an investment with daily compounding the compound rest formula modified as fotos API teper period (daily) (nominal Interest rate divided by 205) Number of periode (days), number of days of the investment m) 365 Calculator (1 - 130 p. (Round your answers to the nearest cant) (a) on Apell 12. Thomas Ash deposited $2.000 in a passtrook savings account at interest compounded daily what is the compound amount in sy of his accountant $ C) Using daily compounding, calculate the compound am (s) of an 5,000 investment for each of the three The First National Bank offering a 5 year CD interest . The Second National Bank is offering your coateret The Third National Bank has year CD Incrust. Flest rational Bank 5 Second National Bank 5 Thind tonal Bank 5 MY NOTES ASK YOUR TEACHER The First National lank is offering a year certificate of depot (C) compe annually (Round your answers to two decimal places) (a) If you were interested in investing 57,000 in one of the cock the compound National Bank Second National Bank (1) What is the annual parcentage yield of each CD? First National Bank Second National Bank (c) If Third National Bank has a 4 year CD at 4. Interest compounded with moderato call the comment of the PL MIN TUN LALU The following mantequires the factors for periods beyond the chwile 1. Founded to the cent) Principal New Table Tac Time Nominal Interest Period (years) Rate (4) Compounded 29 annually Compound Am 517.000