Asked by Sam
For the following investment, calculate the present value (principal) and the compound interest. Use Table 11-2. Round your answers to the nearest cent.
Click here for Table 11-2
Compound Amount $130,000
Term of Investment 12 yrs
Nominal Rate 11%
Interest Compounded (annually)
Present Value $________
Compound Interest $________
Click here for Table 11-2
Compound Amount $130,000
Term of Investment 12 yrs
Nominal Rate 11%
Interest Compounded (annually)
Present Value $________
Compound Interest $________
Answers
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