Using Table 11-1, calculate the compound amount and compound interest (in $) for the investment. (Round your answers to the nearest cent.) Time Period (years) Compound Interest Principal $22,000 [-/2 Points] Principal 18 $16,000 DETAILS Nominal Rate (%) 5 29 Time Nominal Period (years) Rate (%) Interest Compounded BRECMBC9 11.1.020. annually $ 8 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.) Compound Amount Interest Compounded annually New Table Factor $ $ MY NOTES Compound Amount ASK YOUR TEACHER Periods 1 2 3 4 5 A 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 Periods 1 2 3 5 67699 8 10 11 12 13 14 15 19 20 compound 1% 1.00500 1.01000 1.01500 1.01003 1.02010 1.03023 1.01508 1.03030 1.04568 1.02015 1.04060 1.06136 1.02525 1.05101 1.07728 21 22 1.03038 1.06152 1.03553 1.07214 1.04071 1.08286 1.04591 1.09369 1.05114 1.10462 1.16054 1.11042 1.11597 1.12155 1.12716 1.13280 1.05640 1.11567 1.17795 1.06168 1.12683 1.19562 1.06699 1.13809 1.21355 1.07232 1.14947 1.23176 1.31948 1.07768 1.16097 1.25023 1.34587 1.08307 1.17258 1.26899 1.08849 1.18430 1.28802 1.09393 1.09940 1.20811 1.19615 1.30734 1.32695 1.10490 1.22019 1.34686 1.09344 1.10984 1.23239 1.36706 1.24472 1.38756 1.25716 1.40838 1.26973 1.42950 1.28243 1.45095 1.67710 1.77156 1.82804 1.94872 9% 10% 11% 1.09000 1.10000 1.11000 1.18810 1.21000 1.23210 1.29503 1.33100 1.36763 1.41158 1.46410 1.51807 1.53862 1.61051 1.68506 1.99256 2.14359 2.17189 2.35795 2.36736 2.59374 1.12616 1.19405 1.14869 1.22987 1.58687 1.60578 1.71382 1.26532 1.34010 1.41852 1.50073 1.31593 1.40710 1.50363 1.12649 1.17166 1.26677 1.36857 1.47746 1.59385 1.71819 1.85093 1.14339 1.19509 1.30477 1.42331 1.55133 1.68948 1.83846 1.99900 1.21899 1.34392 1.48024 1.62889 1.79085 1.96715 2.15892 1.24337 1.38423 1.53945 1.71034 1.89830 2.10485 2.33164 1.26824 1.42576 1.60103 1.79586 2.01220 2.25219 2.51817 12 1.29361 1.46853 1.66507 1.88565 2.13293 2.40985 2.71962 13 1.51259 1.73168 1.97993 2.26090 2.57853 2.93719 14 1.55797 1.80094 2.07893 2.39656 2.75903 3.17217 15 11 6.10881 7.40025 6.65860 8.14027 23 7.25787 8.95430 24 7.91108 9.84973 25 8.62308 10.83471 1.87041 2.07616 2.30454 2.55804 2.83942 16 3.97031 4.59497 5.31089 17 4.32763 5.05447 5.89509 18 4.71712 5.55992 6.54355 5.14166 6.11591 7.26334 5.60441 6.72750 8.06231 2.58043 2.85312 2.81266 3.13843 3.06580 3.45227 3.34173 3.79750 4.31044 3.64248 4.17725 4.78459 3.15176 3.49845 3.88328 2% 3% 1.02000 1.03000 1.04040 1.06121 1.08243 1.10408 1.51567 1.54598 1.57690 1.60844 1.64061 1.37279 1.60471 1.87298 2.18287 1.40024 1.65285 1.94790 2.29202 1.70243 2.02582 2.40662 2.52695 1.42825 1.45681 1.75351 2.10685 1.48595 1.80611 2.19112 2.65330 4% 5% 6% 1.04000 1.05000 1.06000 1.06090 1.08160 1.10250 1.12360 1.09273 1.12486 1.15763 1.19102 1.12551 1.16986 1.21551 1.15927 1.21665 1.27628 1.97382 2.21068 2.47596 2.77308 pound mite 1.86029 1.91610 1.97359 2.27877 2.36992 2.46472 2.03279 2.56330 3.22510 2.09378 2.66584 3.38635 14% 15% 12% 13% 1.12000 1.13000 1.14000 1.15000 1.25440 1.27690 1.29960 1.32250 1.40493 1.44290 1.48154 1.57352 1.63047 1.68896 1.76234 1.84244 1.92541 2.08195 2.35261 3.10585 3.39457 2.65844 2.85259 3.00404 3.25195 2.78596 2.92526 3.07152 7% 8% 1.07000 1.08000 1.14490 1.16640 1.22504 1.25971 1.26248 1.31080 1.36049 1.33823 1.40255 1.46933 2.19497 2.31306 2.50227 2.66002 3.05902 3.51788 3.70722 4.04556 6.13039 7.06733 6.86604 7.98608 7.68997 9.02427 10.57517 8.61276 10.19742 12.05569 9.64629 11.52309 13.74349 3.42594 2.54035 2.95216 2.69277 3.15882 3.70002 2.85434 3.37993 3.99602 3.02560 3.61653 4.31570 3.20714 3.86968 4.66096 16% 17% 18% 1.18000 1.16000 1.17000 1.34560 1.36890 1.39240 1.52088 1.56090 1.60161 1.64303 1.74901 1.81064 1.87389 1.93878 2.01136 2.10034 2.19245 2.28776 Periods 1 2 3 4 5 4.65239 5.11726 5.62399 6.17593 3.47855 3.83586 4.22623 3.89598 4.33452 4.81790 5.35025 5.93603 6.58007 7.28759 6.15279 6.88579 7.69868 8.59936 4.36349 4.89801 5.49241 4.88711 5.53475 6.26135 7.07571 7.98752 9.00745 10.14724 8.13706 9.26552 10.53872 11.97375 5.47357 6.25427 7.13794 6 7 8 9 10 4.14056 5.03383 21 3.39956 3.60354 4.43040 5.43654 22 3.81975 4.74053 5.87146 23 4.04893 5.07237 6.34118 24 6.84848 25 4.29187 5.42743 16 17 18 19 20 Periods 1 2 3 4 5 6 2.43640 2.56516 2.69955 2.82622 3.00124 3.18547 3.27841 3.51145 3.75886 3.80296 4.10840 4.43545 9 4.80683 5.23384 10 7 8 4.41144 H2SHS 11 12 13 15 16 8.13725 9.35762 10.74800 12.33030 14.12902 9.27646 10.76126 12.46768 14.42646 16.67225 17 12.37545 14.46251 16.87895 19.67325 18 14.23177 16.77652 19.74838 23.21444 19 16.36654 19.46076 23.10560 27.39303 20 8.94917 10.80385 13.02109 15.66758 18.82152 22.57448 27.03355 32.32378 21 9.93357 12.10031 14.71383 17.86104 21.64475 26.18640 31.62925 38.14206 22 11.02627 13.55235 16.62663 20.36158 24.89146 30.37622 37.00623 45.00763 23 12.23916 15.17863 18.78809 23.21221 28.62518 35.23642 43.29729 53.10901 24 13.58546 17.00006 21.23054 26.46192 32.91895 40.87424 50.65783 62.66863 25 The values in Table 11-1 were generated by the formula FV = (1 + i)" rounded to five decimal places, where i is the interest rate per period and n is the total number of periods.