Using Table 11-1, calculate the compound amount and compound interest (in $) for the investment. (Round your answers to the nearest cent.) Principal Period (years) Compound Amount Compound Interest Time Nominal Interest Period (years) Rate(%) Compounded 4 11 annually $8,000 $ $ Need Help? Read it Submit Answer 1 -/1 Points] DETAILS BRECMBC9 11.1.014. . MY NOTES Using Table 11-1, calculate the compound amount and compound interest in $) for the investment. (Round your answers to the nearest cent.) Principal Time Nominal Period (years) Rate(%) Interest Compounded Compound Amount Compound Interest $5,200 4 8 quarterly $ Need Help? Read It -/1 Points) DETAILS BRECMBC9 11.1.016. MY NOTES Using Table 11-1, calculate the compound amount and compound interest in $) for the investment. (Round your answers to the nearest cent.) Principal Time Nominal Interest Period (years) Rate (%) Compounded Compound Amount Compound Interest $24,000 $ 17 5 annually $ Need Help? Read It -/1 Points] DETAILS BRECMBC9 11.1.020. MY NOTES The following investment requires table factors for periods beyond the table. Using Table 11-1, create the new table factor, rounded to five places, and calculate the compound amount (in $, rounded to the nearest cent.) Principal Time Nominal Interest Period (years) Rate(%) Compounded New Table Factor Compound Amount $18,000 29 8 annually $ Need Help? Read it BRECMBC9 11.1.023.MI. MY NOTES ASK 9. (-/1 Points] -11 DETAILS Use Table 11-1 to calculate the compound amount (in $) on an investment of $5,500 at 5% interest, compounded semiannually, for 16 years. (Round your answer to the nearest cent.) $ Need Help? Read It Watch It Master It 10. (-/1 Points] DETAILS BRECMBC9 11.1.024. . MY NOTES ASK Using Table 11-1, compute the amount of compound interest in $) eamed in 1 year and the annual percentage yield (APY) for the investment. (Round your answers to two decimal places.) Principal Nominal Interest Rate(%) Compoundlesl Compound Interest Annual Percentage Earned in 1 Year Yield (APY) $3,000 14 semiannually $ Need Help? Read It 11. [-/1 Points) DETAILS BRECMBC9 11.1.026. MY NOTES ASK Using Table 11-1, compute the amount of compound interest in $) eamed in 1 year and the annual percentage yield (APY) for the investment. (Round your answers to two decimal places.) Principal Nominal Interest Rate(%) Compounded Compound Interest Annual Percentage Earned in 1 Year Yield (APY) $34,000 12 monthly $ % Need Help? Read it 12. [-/1 Points] DETAILS BRECMBC9 11.1.030. MY NOTES ASK As a savings plan for college, when their son Bob was bom, the Wilburs deposited $10,000 in an account paying 7% compounded annually. How much will the account be worth (in $) when Bob is 18 years old? (Use Table 11 1.) $ Need Help? Read it 13. [-/1 Points] DETAILS BRECMBC9 11.1.032. MY NOTES ASK YOUR TEACHER The First National Bank is offering a 4 year certificate of deposit (CD) at 4% interest compounded quarterly; Second National Bank is offering a 4 year CD at 5% interest compounded annually. (Round your answers to two decimal places.) (a) If you were interested in investing $9,000 in one of these CDs, calculate the compound amount (in $) 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 % (c) If Third National Bank has a 4 year CD at 4.5% interest compounded monthly, use the compound interest formula to calculate the compound amount (in $) of this offer. $ Need Help? Read It 14. [-/1 Points] DETAILS BRECMBC9 11.1.034. MY NOTES ASK YOUR TEACHER The rate of bacteria growth in a laboratory experiment was measured at 18% per hour. If this experiment is repeated and begins with 6 grams of bacteria, how much bacteria should be expected after 12 hours? Round to the nearest tenth of a gram. g Need Help? Read It
