Question: Name Chapter 12 Compound Interest and Present Value Part I Vocabulary Matchup A. Twice a year 2. Effective rate (APY) B. Stated rate 3. Nominal

Name Chapter 12 Compound Interest and Present Value Part I Vocabulary Matchup A. Twice a year 2. Effective rate (APY) B. Stated rate 3. Nominal rate C. D. E. F. Four times per year Amount calculated on adjusted principal 12 times per year Years times number of times compounded in one 4. Periods 5. Present value 6. Rate 7. Interest 8. Semiannually 9. Quarterly yoar G. True rate of interest H. Know future amount looking for present L. Rate divided by number of times compounded per year 10. Monthly J. Periodically interest is calculated and added to principal Part II Drill Complete without using tables. (For simplicity, round to nearest cent after each period.) No. of Rate of Whon Poriods to be Total Total Principal Time Compound Compounded Compounded Amount Interest $300 1yr. 6% Quarterly B. . 12. Solve No. 11 by using compound tables. Solve by compound table. Total Amount 10% 3years Semiannually-? 13. 13, $ 8,000 12% 4years Quarterly 14, $15,000

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