Complete the following without using Table12.1. (Round the "Total amount" and "Total interest" to the nearest cent.) Rate of compound interest Principal $ 1,290 Time (years) 1 Compounded 8% Quarterly Periods 4 Rate % Total amount $ Total interest 1,396.34 $ 106.34
Complete the following without using Table12.1. (Round the "Total amount" and "Total interest" to the nearest cent.) Rate of compound interest Principal $ 1,290 Time (years) 1 Compounded 8% Quarterly Periods 4 Rate % Total amount $ Total interest 1,396.34 $ 106.34
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
Related questions
Question
100%
I can’t figure out the rate?
Transcribed Image Text:Complete the following without using Table12.1. (Round the "Total amount" and "Total interest" to the nearest cent.)
Rate of
compound
interest
Principal
$
1,290
Time
(years)
1
Compounded
8% Quarterly
Periods
4
Rate
%
Total amount
$
Total interest
1,396.34 $
106.34
Transcribed Image Text:TABLE 12.1
Perlod
1
2340 000
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
Future value of $1 at compound interest
1%
11%
2%
4%
5%
6%
7%
1.0100
1.0150
1.0200
1.0300
1.0400
1.0500
1.0600
1.0700
1.0201
1.0302
1.0404
1.0609 1.0816 1.1025
1.1236
1.1449
1.0303
1.0457
1.0612
1.0927 1.1249
1.1576
1.1910
1.2250
1.0406 1.0614
1.0824
1.1255 1.1699
1.2155
1.2625
1.3108
1.0510
1.0773
1.1041
1.1593 1.2167
1.2763 1.3382
1.4026
1.1262
1.1941
1.2653
1.3401
1.4185
1.5007
1.0615 1.0934
1.0721 1.1098 1.1487 1.2299 1.3159
1.2668 1.3686
1.4071
1.5036
1.6058
1.0829
1.1265
1.4775 1.5938
1.7182
1.1717
1.1951 1.3048 1.4233
1.0937
1.1434
1.6895 1.8385
1.5513
1.6289
1.1046
1.1605
1.2190
1.3439 1.4802
1.7908 1.9672
1.1157 1.1780
1.2434
1.3842 1.5395
1.7103
1.8983
2.1049
1.1268
1.1960
1.2682
1.4258
1.6010
1.7959
2.0122 2.2522
1.1381
1.2135
1.2936 1.4685 1.6651
2.1329 2.4098
1.1495
1.8856
1.9799
2.0789 2.3966
2.2609 2.5785
1.1610
2.7590
1.1726
2.9522
1.1843
1.2318 1.3195 1.5126 1.7317
1.2502 1.3459 1.5580 1.8009
1.2690 1.3728 1.6047 1.8730
1.4002 1.6528 1.9479
1.7024 2.0258
2.1068
2.1911
2.6928
3.1588
1.2880
1.3073 1.4282
1.3270
1.1961
2.8543 3.3799
2.1829 2.5404
2.2920
2.4066
2.5270
2.6533
2.2788 2.7860
1.2081
1.4568 1.7535
3.0256 3.6165
1.2202
1.3469
1.4859 1.8061
3.2071 3.8697
1.2324
1.3671
3.3996 4.1406
1.2447
1.3876
1.5157 1.8603
1.5460 1.9161
1.5769 1.9736
1.6084
2.3699 2.9253
2.4647 3.0715
3.6035 4.4304
3.8197
1.2572
1.4084
4.7405
1.2697 1.4295
3.2251 4.0489 5.0724
1.2824
1.4510
1.6406
5.4274
1.2953 1.4727
1.6734
3.3864 4.2919
3.5557 4.5494
3.7335 4.8223
5.8074
1.3082
1.4948
1.7069
6.2139
1.3213
1.5172
1.7410
5.1117
6.6488
1.3345
1.5400
1.7758
5.4184
7.1143
1.3478
1.5631 1.8114 2.4273
5.7435 7.6123
3%
2.0328 2.5633
2.0938 2.6658
2.1566 2.7725
2.2213 2.8834
2.2879
2.3566 3.1187
2.9987 3.9201
4.1161
3.2434 4.3219
9%
1.0900
1.1881
1.2950
1.4116
1.5386
1.6771
1.8280
1.9926
2.1719
2.3674
2.5804
2.8127
3.0658
3.3417
10%
8%
1.0800
1.1000
1.1664
1.2100
1.2597
1.3310
1.3605
1.4641
1.4693
1.6105
1.5869
1.7716
1.7138
1.9487
1.8509
2.1436
1.9990
2.3579
2.1589
2.5937
2.3316
2.8531
2.5182
3.1384
2.7196
3.4523
2.9372
3.7975
3.1722
3.6425
4.1772
3.4259
3.9703
4.5950
3.7000
4.3276
5.0545
3.9960
4.7171
5.5599
4.3157
5.1417
6.1159
4.6610
5.6044
6.7275
5.0338
6.1088
7.4002
5.4365
6.6586
8.1403
5.8715
7.2579
8.9543
6.3412
7.9111
9.8497
6.8485
8.6231
10.8347
7.3964
9.3992
11.9182
7.9881 10.2451
13.1100
8.6271
11.1672
14.4210
9.3173 12.1722
15.8631
10.0627 13.2677 17.4494
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