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 $22,000 16 5 annually $  $

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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 Time
Period (years)
Nominal
Rate (%)
Interest
Compounded
Compound
Amount
Compound
Interest
$22,000 16 5 annually
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