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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
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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I can’t figure out the rate?
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: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
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
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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