Question: Using Table 1 1 - 1 , calculate the compound amount and compound interest ( in $ ) for the investment. ( Round your answers
Using Table calculate the compound amount and compound interest in $ for the investment. Round your answers to the nearest cent.
PrincipalTime
Period yearsNominal
Rate Interest
CompoundedCompound
AmountCompound
Interest$annually$ $
The following investment requires table factors for periods beyond the table. Using Table create the new table factor, rounded to five places, and calculate the compound amount in $ rounded to the nearest cent.
PrincipalTime
Period yearsNominal
Rate Interest
CompoundedNew Table
FactorCompound
Amount$annually$
Using Table compute the amount of compound interest in $ earned in year and the annual percentage yield APY for the investment. Round your answers to two decimal places.
PrincipalNominal
Rate Interest
CompoundedCompound Interest
Earned in YearAnnual Percentage
Yield APY$monthly$
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