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1 Per DETAILS BRECMBC9 11.1.020. Per MY NOTES ASK YOUR TEACHER The following investment requires table factors for periods beyond the table. Using Table 11-1, create the new table factor, rounded to five places, and calculate the compound amount (in $, rounded to the nearest cent.) Nominal Time Perlod (years) New Table Factor Principal Interest Compound Rate (%) Compounded Amount $18,000 29 6 annually

1 Per DETAILS BRECMBC9 11.1.020. Per MY NOTES ASK YOUR TEACHER The following investment requires table factors for periods beyond the table. Using Table 11-1, create the new table factor, rounded to five places, and calculate the compound amount (in $, rounded to the nearest cent.) Nominal Time Perlod (years) New Table Factor Principal Interest Compound Rate (%) Compounded Amount $18,000 29 6 annually

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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1 Per DETAILS BRECMBC9 11.1.020. Per MY NOTES ASK YOUR TEACHER The following investment requires table factors for periods beyond the table. Using Table 11-1, create the new table factor, rounded to five places, and calculate the compound amount (in $, rounded to the nearest cent.) Nominal Time Perlod (years) New Table Factor Principal Interest Compound Rate (%) Compounded Amount $18,000 29 6 annually
Transcribed Image Text:1 Per DETAILS BRECMBC9 11.1.020. Per MY NOTES ASK YOUR TEACHER The following investment requires table factors for periods beyond the table. Using Table 11-1, create the new table factor, rounded to five places, and calculate the compound amount (in $, rounded to the nearest cent.) Nominal Time Perlod (years) New Table Factor Principal Interest Compound Rate (%) Compounded Amount $18,000 29 6 annually
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