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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

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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 Term of Nominal Interest Present Compound Amount Investment Rate Compounded Value Interest $1,250 6 years 6% semiannually

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