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 $) for the investment. (Round your answers to the nearest cent.)

Principal Time Period (years) Nominal Rate (%) Interest Compounded Compound Amount Compound Interest
$5,500 4 8 quarterly

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