1 Brian invests $15,500, at 6 interest, compounded semiannually for 2 years Manually calculate the compound amount (in $) for his investment 2 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 $6,000 4 11 annually $ $ 3 Suppose that you invest $7,000 at 6 interest, compound quarterly, for 5 years use Table 11 1 to calculate the compound interest (in $) on your investment

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Question: 1. Brian invests $15,500, at 6% interest, compounded semiannually for 2 years. Manually calculate the compound amount (in $) for his investment. 2. Using Table

1. Brian invests $15,500, at 6% interest, compounded semiannually for 2 years. Manually calculate the compound amount (in $) for his investment.

2. 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
$6,000	4	11	annually	$	$

3. Suppose that you invest $7,000 at 6% interest, compound quarterly, for 5 years. use Table 11-1 to calculate the compound interest (in $) on your investment.

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