Use Table 13 1 to find the compound interest on a loan of $3,000 for one year at 12 annual interest if the interest is compounded quarterly ...

Use Table 13 - 1 to find the compound interest on a loan of $3,000 for one

Question:

Use Table 13 - 1 to find the on a loan of $3,000 for one year at 12% annual interest if the interest is compounded quarterly?
Compound Interest
Compound interest (or compounding interest) is interest calculated on the initial principal, which also includes all of the accumulated interest from previous periods on a deposit or loan. Thought to have originated in 17th century Italy, compound...