Question: Compute the present value (principal) and the compound interest earned for the following investment. Use Tables 16-1A&B or 16-2A&B or a calculator. Future Present Compound

Compute the present value (principal) and the compound interest earned for the following investment. Use Tables 16-1A&B or 16-2A&B or a calculator.

Future

Present

Compound

Value

Interest Rate

Time

Value

Interest

$27,000

9% compounded monthly

21 months

__________

_________
Group of answer choices
$22,907.34; $4,092.66
$23,252.13; $3,747.87
$23,079.06; $3,920.94
$9,599.31; $17,400.69

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