\#10: Use the value from the compound interest table to find the compound amount and the compound interest. Round the compound amound to the nearest cent. 24. CORPORATE FINANCE Key Bank lends $4.500.000 for 121 years at 8% compounded quarterly to Rengen Biomedical to fund a clinical trial on a new cancer drug. Find (a) the future value and (b) the interest. 20. WHICH INVESTMENT? Jan Reus sold her home and has $18,000 to invest. She believes she can earn 8% compounded quarterly. Find the compound amount if she invests for (a) 3 years and (b) 6 years. (c) Then find the additional amount earned due to the longer time period. 10. BAKERY Carlos Mora recently immigrated to the United States from Central Americu. His family has agreed to help him set aside the cash needed to open a small bakery in 2 years once he completes a program at a culinary institute. Find the amount they must deposit today in an investment accouat expected to yield 4% compounded quarterly if he needs $95,000 to open the shop in 2 years. 12. BUSINESS EXPANSION Village Hardware expands its business at a cost of $20,000. They expect that the investment will grow at a rate of 10% per year compounded annually for the next 4 years. (a) Find the future value of the investment. (b) Find the present value of the amount found in part (a) at a rate of 6% counpounded annually. Round to the nearest dollar at cach step