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 Nominal

Using Table 11-1, calculate the compound amount and compound interest (in $) for the investment. (Round your answers to the nearest cent.) Principal Time Nominal Interest Compound Compound Period (years) Rate (%) Compounded Amount Interest $8,000 12 annually 10894.21 X $ 2894.21 X Need Help? Read it

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