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

 Using Table 11-1, calculate the compound amount and compound interest (in

Using Table 11-1, calculate the compound amount and compound interest (in $) for the investment. (Round your answers to the nearest cent.) Principal Time Period (years) Nominal Rate (%) Interest Compounded Compound Amount Compound Interest $8,000 4 11 annually $ x Enter a number. Need Help? Read it Viewing Saved Work Revert to Last Response Submit Answer 4. (-/1 Points] DETAILS BRECMBC9 11.1.018.MI. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Suppose that you invest $3,000 at 6% interest, compound quarterly, for 5 years. use Table 11-1 to calculate the compound interest (in $) on your investment. Need Help? Read It Watch It Master It 5. [-/1 Points] DETAILS BRECMBC9 11.1.023.MI. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Use Table 11-1 to calculate the compound amount (in $) on an investment of $5,500 at 8% interest, compounded semiannually, for 18 years. (Round your answer to the nearest cent.) $ Need Help? Read it Watch It Master it 6. [-/1 Points] DETAILS BRECMBC9 11.1.028.MI. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Maria invests $4,900, at 6% interest, compounded quarterly for one year. Use Table 11-1 to calculate the annual percentage yield (APY) for her investment (as a %). Note: "Annual percentage yield" is also known as "effective interest rate." (Round your answer to two decimal places.) % Need Help? Read It Watch It Master It

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