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- 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 $ $20.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 $36,000 6 years 4 semiannually $ $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 $28,000 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 $8,000 4 15 annually $ $If P12, 000.00 is accumulated to P13, 000.00 when invested at simple interest for 2 years, what is the interest rate Select the correct response: 4.17% 7.15% 9% O 23 %Find the accumulated amount A if the principal P is invested at the interest rate of r/year for t years. (Use a 365-day year. Round your answer to the nearest cent.) P = $43,000, r = 9 3/4 % t = 9, compounded quarterly A = $
- If you deposit $150 in an account with an APR of 6% and continuous compounding, the balance after 2 years is O a. $150 x e0.12 O b. $250 x (1 + 0.06)² O c. $250 xe0.12 Od. $150 x e2Using 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 $ $What will be the compounded amount on a loan of P1.500 at 12% interest compounded quarterly for 1 year? of O P16.822.63 O P1.690 O Pl,688.26 O P16.860
- Solve by using the present value formula. Round your answers (in $) to the nearest cent. CompoundAmount Term ofInvestment NominalRate (%) InterestCompounded PresentValue CompoundInterest $14,000 8 years 4.5 monthly $ $Calculate the simple interest earned. Round to the nearest cent. P = $4700, r = 7%, t = 1 yearAt what interest rate will th given principal P earn the given simple interest lin the given term f? 11. P = P175, 000; = 6,500 1 = 5- years 12. P = P50, 000; | = P2, 0; t = 8 mos. 13. P = P180, 000; = P3, 500; 1 = 15 mos. 14. P = P320, 000; | = P7, 000; = 18 mos. 15. P = P2, 050, 00; = P5, 400; † = 2.8 years