Question: Using Table 11-1, calculate the compound amount and compound interest (in $) for the investment. (Round your answers to the nearest cent.) begin{tabular}{|c|c|c|c|c|c|} hline Principal

Using Table 11-1, calculate the compound amount and compound interest (in \$) for the investment. (Round your answers to the nearest cent.) \begin{tabular}{|c|c|c|c|c|c|} \hline Principal & \begin{tabular}{c} Time \\ Period (years) \end{tabular} & \begin{tabular}{c} Nominal \\ Rate (\%) \end{tabular} & \begin{tabular}{c} Interest \\ Compounded \end{tabular} & \begin{tabular}{c} Compound \\ Amount \end{tabular} & \begin{tabular}{c} Compound \\ Interest \end{tabular} \\ \hline$24,000 & 12 & 5 & annually & $ & $ \\ \hline \end{tabular}

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