Question
Using Table 11-1, calculate the compound amount and compound interest (in $) for the investment. (Round your answers to the nearest cent.) Principal Time
Using Table 11-1, calculate the compound amount and compound interest (in $) for the investment. (Round your answers to the nearest cent.) Principal Time Period (years) Nominal Interest Rate (%) Compounded $26,000 11 5 annually S Submit Answer Compound Amount Compound Interest 6. [-/1 Points] DETAILS BRECMBC9 11.1.020. MY NOTES ASK YOUR TEACHER 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 Period (years) Nominal Rate (%) Compounded Interest $15,000 29 6 annually Submit Answer 7. [-/1 Points] DETAILS BRECMBC9 11.1.026. New Table Factor Compound Amount MY NOTES ASK YOUR TEACHER Using Table 11-1, compute the amount of compound interest (in $) earned in 1 year and the annual percentage yield (APY) for the investment. (Round your answers to two decimal places.) Compound Interest Earned in 1 Year Annual Percentage Yield (APY) % Principal Nominal Interest Rate (%) Compounded $34,000 12 monthly $
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