1.Calculate the present value (principal) and the compound interest (in $). Use Table 11-2. Round your answers to the nearest cent.

a.

Compound Amount	Term of Investment	Nominal Rate (%)	Interest Compounded	Present Value	Compound Interest
$32,000	6 years	4	semiannually	$	$

b.

Compound Amount	Term of Investment	Nominal Rate (%)	Interest Compounded	Present Value	Compound Interest
$8,000	12 years	6	semiannually	$	$

c.

Compound Amount	Term of Investment	Nominal Rate (%)	Interest Compounded	Present Value	Compound Interest
$200,000	10 years	4	annually	$	$

d. Sonia wants to have $15,000 in 10 years. Use Table 11-2 to calculate how much she should invest now (in $) at 6% interest, compounded semiannually in order to reach this goal. (Round your answer to the nearest cent.)

Answer rating: 100% (QA)

To calculate the present value principal and compound interest we can use the following formula Present Value Compound Amount 1 Nominal Rate Number of ... View the full answer