Vhat is the compound amount and compound interest of $36,000 invested at 12% com- ounded semiannually...

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Vhat is the compound amount and compound interest of $36,000 invested at 12% com- ounded semiannually for 7 years? NOTE: Excel will provide greater accuracy with the ompound interest formula than may be obtained by using Table 11-2. Therefore, answers vill differ slightly from those in the book. Compoun Compound- d Amount Term of Investmen Nominal ing Periods Principal t (years) (us-ing Compound formula) Rate (%) in a Year Interest Compoun d Amount (us-ing table) Table 11-1 Value = Vhat is the compound amount and compound interest of $36,000 invested at 12% com- ounded semiannually for 7 years? NOTE: Excel will provide greater accuracy with the ompound interest formula than may be obtained by using Table 11-2. Therefore, answers vill differ slightly from those in the book. Compoun Compound- d Amount Term of Investmen Nominal ing Periods Principal t (years) (us-ing Compound formula) Rate (%) in a Year Interest Compoun d Amount (us-ing table) Table 11-1 Value =

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Principal 36000 Term of in... View the full answer