Question: 3. COMPLETE THE CHART: Work must be shown for full credit. (5 pts) 7. TIME ON MONEY - COMPOUND INTEREST Principal Rate Time Interest Compounding

3. COMPLETE THE CHART: Work must be shown for full credit. (5 pts) 7. TIME ON MONEY - COMPOUND INTEREST Principal Rate Time Interest Compounding Period(s) Total Amount $2,000 6.5 years $1346.84 8% quarterly 5.5% 4 years $10,000 monthly $15,080 $3331.10 5% 4 years monthly COMPLETE THE CHART: Work must be shown for full credit. (5 pts) 8. PRESENT OR FUTURE VALUE ANNUNITY - COMPOUND INTEREST Compounding Period(s) Total Amount Interest Time Principal Rate . Semi-annually 9 years $331.17 $480 6% |io6, loc4 .4/9 annually 5.5% 25 years $7500 $18,173.30 quarterly 4 years 8% $975

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