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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
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 Rate (%) | Interest Compounded | Compound Amount | Compound Interest |
|---|---|---|---|---|---|
| $21,000 | 14 | 5 | annually |
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Risk Management And Financial Institutions
Authors: John C Hull
6th Edition
1119932483, 9781119932482
