Question: Using Table 11-2 from your text, calculate the present value (principal) and the compound interest given: Compound Amount = $1,250 Term of Investment = 6

Using Table 11-2 from your text, calculate the present value (principal) and the compound interest given:

Compound Amount = $1,250

Term of Investment = 6 years

Nominal rate = 6%

Interest is compounded semiannually

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