Complete the following using compound future value. (Use the Table 12.1 provided.) Note: Round your answers to the nearest cent. Time 11 years Principal $ 15,200 Rate 2 Answer is complete but not entirely correct. Compounded Annually $ Amount 18,936.90 $ Interest 3,736.90
Complete the following using compound future value. (Use the Table 12.1 provided.) Note: Round your answers to the nearest cent. Time 11 years Principal $ 15,200 Rate 2 Answer is complete but not entirely correct. Compounded Annually $ Amount 18,936.90 $ Interest 3,736.90
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Subject: acounting
![Complete the following using compound future value. (Use the Table 12.1 provided.)
Note: Round your answers to the nearest cent.
Time
11 years
Principal
$ 15,200
Rate
2
Answer is complete but not entirely correct.
Compounded
Annually
%
$
Amount
18,936.90
$
Interest
3,736.90](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F472621be-5969-4a54-b52e-f83201e6e65c%2Fbb813c83-a549-4741-9c05-1918a3f324a4%2Fpl5qqzk_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Complete the following using compound future value. (Use the Table 12.1 provided.)
Note: Round your answers to the nearest cent.
Time
11 years
Principal
$ 15,200
Rate
2
Answer is complete but not entirely correct.
Compounded
Annually
%
$
Amount
18,936.90
$
Interest
3,736.90
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