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Using Table 11-2 from your text, calculate the present value (principal) and the compound interest for the following investment, rounding to the nearest cent. Compound

Using Table 11-2 from your text, calculate the present value (principal) and the compound interest for the following investment, rounding to the nearest cent.

Compound

Term of

Nominal

Interest

Present

Compound

Amount

Investment

Rate

Compounded

Value

Interest

$1,250

6 years

6%

semiannually

________

_________

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