Question: 4. Using Table 11-1, calculate the compound amount and compound interest (in $) for the investment. (Round your answers to the nearest cent.) a. Principal

4. Using Table 11-1, calculate the compound amount and compound interest (in $) for the investment. (Round your answers to the nearest cent.)

a.

Principal Time Period (years) Nominal Rate (%) Interest Compounded Compound Amount Compound Interest
$8,000 4 12 annually $12588.15488 $

b.

Principal Time Period (years) Nominal Rate (%) Interest Compounded Compound Amount Compound Interest
$5,200 2 8 quarterly $ 6092.628 $

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