Compute the compound amount and compound interest if P= RM13000, r=3% and n=2 compounded daily Compound amount: Compound interest:
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- Using Table 11-1, calculate the compound amount and compound interest (in $) for the investment. (Round your answers to the nearest cent.) Principal TimePeriod (years) NominalRate (%) InterestCompounded CompoundAmount CompoundInterest $24,000 18 5 annually $ $Manually calculate the compound amount and compound interest (in $) for the investment. Principal TimePeriod (years) NominalRate (%) InterestCompounded CompoundAmount CompoundInterest $1,000 2 10 annually $ $Calculate the present value (principal) and the compound interest (in $). Use Table 11-2. Round your answers to the nearest cent. CompoundAmount Term ofInvestment NominalRate (%) InterestCompounded PresentValue CompoundInterest $18,500 18 months 4 semiannually $ $
- A saving account earns compound interest at an annual effective interest rate i. Given that d12,41 = 0.08, Find i1,51- %3DManually calculate the compound amount and compound interest (in $) for the investment. Time Period (years) Nominal Interest Compound Compound Interest Principal Rate (%) Compounded Amount $1,000 2 10 annually $ %24From the partial/incomplete amortization table below. what is the perlodic tgot payment for the 1st period? Interest Раyment Periodie Repayment Outstanding Principal 7,000,000.00 Periodic Period Payment 0. 100,000 00 100,000 00 100,000 00 60,000 00 O P160,000 00 O PI30.000.00 P40,000 00 P60.000 00 0123
- Calculate the present value (principal) and the compound interest (in $). Use Table 11-2. Round your answers to the nearest cent. CompoundAmount Term ofInvestment NominalRate (%) InterestCompounded PresentValue CompoundInterest $200,000 10 years 4 annuallyWritten Work No.4 : COMPOUND INTERESTS Directions: Complete the table below. Show your solution on a separate sheet. Frequency of conversion Number of Future Value F Compound Interest Principal Nominal Periodic Term t P (P) Rate j Rate j convers (P) (P) ion n 1. 10,000 15% Monthly 5 years 2. 12% 3 years 3% 300,000 3. 15,000 bi-monthly 2 years 35,000 Semi- 4. 25,000 10% 50,000 annuallyUsing Table 11-1, calculate the compound amount and compound interest (in $) for the investment. (Round your answers to the nearest cent.) Compound Interest Time Nominal Interest Compound Amount Principal Period (years) Rate (%) Compounded $8,000 4 11 annually 2$ Need Help? Read It
- Calculate the present value (principal) and the compound interest (in $). Use Table 11-2. Round your answers to the nearest cent. CompoundAmount Term ofInvestment NominalRate (%) InterestCompounded PresentValue CompoundInterest $32,000 6 years 4 semiannually $ $Using Table 11-1, calculate the compound amount and compound interest (in $) for the investment. (Round your answers to the nearest cent.) Principal TimePeriod (years) NominalRate (%) InterestCompounded CompoundAmount CompoundInterest $5,100 4 8 quarterly $ $Using Table 11-1, calculate the compound amount and compound interest (in $) for the investment. ( Round your answers to the nearest cent.) Principal Time Period (years) Nominal Rate (%) Interest Compounded Compound Amount Compound Interest $24,000 18 5 annually