Question: Using Table 11-1, calculate the compound amount and compound interest (in $) for the investment. (Round your answers to the nearest c Time Period (years)
Using Table 11-1, calculate the compound amount and compound interest (in \$) for the investment. (Round your answers to the nearest \begin{tabular}{|c|c|c|c|c|c|c|c|} \hline Principal & TimePeriod(years) & NominalRate(%) & InterestCompounded & \multicolumn{2}{|r|}{CompoundAmount} & \multicolumn{2}{|c|}{CompoundInterest} \\ \hline$8,000 & 4 & 11 & annually & s. & I & $ & x \\ \hline \end{tabular}
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