Calculate the present value (principal) and the compound interest (in $). Use Table 11-2. Round your...

Question

Calculate the present value (principal) and the compound interest (in $). Use Table 11-2. Round your answers to the nearest cent.

Compound Amount	Term of Investment	Nominal Rate (%)	Interest Compounded	Present Value	Compound Interest
$28,500	18 months	4	semiannually	$	$

Periods<br>2%<br>3%<br>4%<br>5%<br>6%<br>7%<br>8%<br>Periods<br>0.99502<br>0.99010<br>0.98522<br>0.98039<br>0.97087<br>0.96154<br>0.95238<br>0.94340<br>0.93458<br>0.92593<br>0.99007<br>0.98030<br>0.97066<br>0.96117<br>0.94260<br>0.92456<br>0.90703<br>0.89000<br>0.87344<br>0.85734<br>2<br>3<br>0.98515<br>0.97059<br>0.95632<br>0.94232<br>0.91514<br>0.88900<br>0.86384<br>0.83962<br>0.81630<br>0.79383<br>3<br>4<br>0.98025<br>0.96098<br>0.94218<br>0.92385<br>0.88849<br>0.85480<br>0.82270<br>0.79209<br>0.76290<br>0.73503<br>4<br>0.97537<br>0.95147<br>0.92826<br>0.90573<br>0.86261<br>0.82193<br>0.78353<br>0.74726<br>0.71299<br>0.68058<br>0.97052<br>0.94205<br>0.91454<br>0.88797<br>0.83748<br>0.79031<br>0.74622<br>0.70496<br>0.66634<br>0.63017<br>6.<br>7<br>0.96569<br>0.93272<br>0.90103<br>0.87056<br>0.81309<br>0.75992<br>0.71068<br>0.66506<br>0.62275<br>0.58349<br>7<br>8<br>0.96089<br>0.92348<br>0.88771<br>0.85349<br>0.78941<br>0.73069<br>0.67684<br>0.62741<br>0.58201<br>0.54027<br>9<br>095610<br>0.91434<br>0.87459<br>0.83676<br>0.76642<br>0.70259<br>0.64461<br>0.59190<br>0.54393<br>0.50025<br>10<br>0.95135<br>0.90529<br>0.86167<br>0.82035<br>0.74409<br>0.67556<br>0.61391<br>0.55839<br>0.50835<br>0.46319<br>10<br>11<br>0.94661<br>0.89632<br>0.84893<br>0.80426<br>0.72242<br>0.64958<br>0.58468<br>0.52679<br>0.47509<br>0.42888<br>11<br>12<br>0.94191<br>0.88745<br>0.83639<br>0.78849<br>0.70138<br>0.62460<br>0.55684<br>0.49697<br>0.44401<br>0.39711<br>12<br>13<br>0.93722<br>0.87866<br>0.82403<br>0.77303<br>0.68095<br>0.60057<br>0.53032<br>0.46884<br>0.41496<br>0.36770<br>13<br>14<br>0.93256<br>0.86996<br>0.81185<br>0.75788<br>0.66112<br>0.57748<br>0.50507<br>0.44230<br>0.38782<br>0.34046<br>14<br>15<br>0.92792<br>0.86135<br>0.79985<br>0.74301<br>0.64186<br>0.55526<br>0.48102<br>0.41727<br>0.36245<br>0.31524<br>13<br>0.92330<br>0.85282<br>0.78803<br>0.72845<br>0.62317<br>0.53391<br>0.45811<br>0.43630<br>0.39365<br>0.33873<br>0.31657<br>16<br>0.29189<br>16<br>17<br>0.91871<br>0.84438<br>0.77639<br>0.71416<br>0.60502<br>0.51337<br>0.37136<br>0.27027<br>17<br>18<br>0.91414<br>0.83602<br>0.76491<br>0.70016<br>0.58739<br>0.41552<br>0.25025<br>0.49363<br>0.47464<br>0.35034<br>0.29586<br>18<br>19<br>0.90959<br>0.82774<br>0.75361<br>0.68643<br>0.57029<br>0.39573<br>0.33051<br>0.27651<br>0.23171<br>19<br>20<br>0.90506<br>0.81954<br>0.74247<br>0.67297<br>0.55368<br>0.45639<br>0.37689<br>0.31180<br>0.25842<br>0.21455<br>20<br>21<br>0.90056<br>0.81143<br>0.73150<br>0.65978<br>0.53755<br>0.43883<br>0.35894<br>0.29416<br>0.24151<br>0.19866<br>21<br>22<br>0.89608<br>0.80340<br>0.72069<br>0.64684<br>0.52189<br>0.42196<br>0.34185<br>0.27751<br>0.22571<br>0.18394<br>22<br>23<br>0.89162<br>0.79544<br>0.71004<br>0.63416<br>0.50669<br>0.40573<br>0.32557<br>0.26180<br>0.21095<br>0.17032<br>23<br>24<br>0,88719<br>0.78757<br>0.69954<br>0.62172<br>0.49193<br>0.39012<br>0.31007<br>0.24698<br>0.19715<br>0.15770<br>24<br>25<br>0.88277<br>0.77977<br>0.68921<br>0.60953<br>0.47761<br>0.37512<br>0.29530<br>0.23300<br>0.18425<br>0.14602<br>25<br>Periods<br>9%<br>10%<br>11%<br>12%<br>13%<br>14%<br>15%<br>16%<br>17%<br>18%<br>Periods<br>0.91743<br>0.90909<br>0.90090<br>0.89286<br>0.88496<br>0.87719<br>0.86957<br>0.86207<br>0.85470<br>0.84746<br>0.84168<br>0.82645<br>0.81162<br>0.79719<br>0.78315<br>0.76947<br>0.75614<br>0.74316<br>0.73051<br>0.71818<br>2<br>0.77218<br>0.75131<br>0.73119<br>0.71178<br>0.69305<br>0.67497<br>0.65752<br>0.64066<br>0.62437<br>0.60863<br>3<br>4<br>0.70843<br>0.68301<br>0.65873<br>0.63552<br>0.61332<br>0.59208<br>0.57175<br>0.55229<br>0.53365<br>0.51579<br>5<br>0.64993<br>0.62092<br>0.59345<br>0.56743<br>0.54276<br>0.51937<br>0.49718<br>0.47611<br>0.45611<br>0.43711<br>0.59627<br>0.54703<br>0.45559<br>0.39964<br>6<br>0.56447<br>0.53464<br>0.50663<br>0.48032<br>0.43233<br>0.41044<br>0.38984<br>0.37043<br>0.51316<br>0.48166<br>0.45235<br>0.42506<br>0.37594<br>0.35383<br>0.33320<br>0.31393<br>8<br>0.50187<br>0.46651<br>0.43393<br>0.40388<br>0.37616<br>0.35056<br>0.32690<br>0.30503<br>0.28478<br>0.26604<br>8<br>9<br>0.46043<br>0.42410<br>0.39092<br>0.36061<br>0.33288<br>0.30751<br>0.28426<br>0.26295<br>0.24340<br>0.22546<br>10<br>0.42241<br>0.38554<br>0.35218<br>0.32197<br>0.29459<br>0.26974<br>0.24718<br>0.22668<br>0.20804<br>0.19106<br>10<br>0.38753<br>0.35049<br>0.31728<br>0.28748<br>0.26070<br>0.23662<br>0.21494<br>0.19542<br>0.17781<br>0.16192<br>0.13722<br>11<br>12<br>0.35553<br>0.31863<br>0.28584<br>0.25668<br>0.23071<br>0.20756<br>0.18691<br>0.16846<br>0.15197<br>12<br>13<br>0.32618<br>0.28966<br>0.25751<br>0.22917<br>0.20416<br>0.18207<br>0.16253<br>0.14523<br>0.12989<br>0.11629<br>13<br>14<br>0.29925<br>0.26333<br>0.23199<br>0.20462<br>0.18068<br>0.15971<br>0.14133<br>0.12520<br>0.11102<br>0.09855<br>14<br>15<br>0.27454<br>0.23939<br>0.20900<br>0.18270<br>0.15989<br>0.14010<br>0.12289<br>0.10793<br>0.09489<br>0.08352<br>15<br>0.14150<br>0.12522<br>0.1 1081<br>16<br>0.25187<br>0.21763<br>0.18829<br>0.16312<br>0.12289<br>0.10686<br>0.09304<br>0.08110<br>0.07078<br>16<br>17<br>0.23107<br>0.19784<br>0.16963<br>0.14564<br>0.10780<br>0.09293<br>0.08021<br>0.06932<br>0.05998<br>17<br>18<br>0.21199<br>0.17986<br>0.15282<br>0.13004<br>0.09456<br>0.08081<br>0.06914<br>0.05925<br>0.05083<br>18<br>19<br>0.19449<br>0.16351<br>0.13768<br>0.11611<br>0.09806<br>0.08295<br>0.07027<br>0.05961<br>0.05064<br>0.04308<br>19<br>20<br>0.17843<br>0.14864<br>0.12403<br>0.10367<br>0.08678<br>0.07276<br>0.06110<br>0.05139<br>0.04328<br>0.03651<br>20<br>0.13513<br>0.12285<br>21<br>0.16370<br>0.11174<br>0.09256<br>0.07680<br>0.06383<br>0.05313<br>0.04430<br>0.03699<br>0.03094<br>21<br>22<br>0.15018<br>0.10067<br>0.08264<br>0.06796<br>0.05599<br>0.04620<br>0.03819<br>0.03162<br>0.02622<br>22<br>23<br>0.13778<br>0.11168<br>0.09069<br>0.07379<br>0.06014<br>0.04911<br>0.04017<br>0.03292<br>0.02702<br>0.02222<br>23<br>24<br>0.12640<br>0.10153<br>0.08170<br>0.06588<br>0.05323<br>0.04308<br>0.03493<br>0.02838<br>0.02310<br>0.01883<br>24<br>25<br>0,11597<br>0.09230<br>0.07361<br>0.05882<br>0.04710<br>0.03779<br>0.03038<br>0.02447<br>001974<br>001596<br>25<br>

Extracted text: Periods 2% 3% 4% 5% 6% 7% 8% Periods 0.99502 0.99010 0.98522 0.98039 0.97087 0.96154 0.95238 0.94340 0.93458 0.92593 0.99007 0.98030 0.97066 0.96117 0.94260 0.92456 0.90703 0.89000 0.87344 0.85734 2 3 0.98515 0.97059 0.95632 0.94232 0.91514 0.88900 0.86384 0.83962 0.81630 0.79383 3 4 0.98025 0.96098 0.94218 0.92385 0.88849 0.85480 0.82270 0.79209 0.76290 0.73503 4 0.97537 0.95147 0.92826 0.90573 0.86261 0.82193 0.78353 0.74726 0.71299 0.68058 0.97052 0.94205 0.91454 0.88797 0.83748 0.79031 0.74622 0.70496 0.66634 0.63017 6. 7 0.96569 0.93272 0.90103 0.87056 0.81309 0.75992 0.71068 0.66506 0.62275 0.58349 7 8 0.96089 0.92348 0.88771 0.85349 0.78941 0.73069 0.67684 0.62741 0.58201 0.54027 9 095610 0.91434 0.87459 0.83676 0.76642 0.70259 0.64461 0.59190 0.54393 0.50025 10 0.95135 0.90529 0.86167 0.82035 0.74409 0.67556 0.61391 0.55839 0.50835 0.46319 10 11 0.94661 0.89632 0.84893 0.80426 0.72242 0.64958 0.58468 0.52679 0.47509 0.42888 11 12 0.94191 0.88745 0.83639 0.78849 0.70138 0.62460 0.55684 0.49697 0.44401 0.39711 12 13 0.93722 0.87866 0.82403 0.77303 0.68095 0.60057 0.53032 0.46884 0.41496 0.36770 13 14 0.93256 0.86996 0.81185 0.75788 0.66112 0.57748 0.50507 0.44230 0.38782 0.34046 14 15 0.92792 0.86135 0.79985 0.74301 0.64186 0.55526 0.48102 0.41727 0.36245 0.31524 13 0.92330 0.85282 0.78803 0.72845 0.62317 0.53391 0.45811 0.43630 0.39365 0.33873 0.31657 16 0.29189 16 17 0.91871 0.84438 0.77639 0.71416 0.60502 0.51337 0.37136 0.27027 17 18 0.91414 0.83602 0.76491 0.70016 0.58739 0.41552 0.25025 0.49363 0.47464 0.35034 0.29586 18 19 0.90959 0.82774 0.75361 0.68643 0.57029 0.39573 0.33051 0.27651 0.23171 19 20 0.90506 0.81954 0.74247 0.67297 0.55368 0.45639 0.37689 0.31180 0.25842 0.21455 20 21 0.90056 0.81143 0.73150 0.65978 0.53755 0.43883 0.35894 0.29416 0.24151 0.19866 21 22 0.89608 0.80340 0.72069 0.64684 0.52189 0.42196 0.34185 0.27751 0.22571 0.18394 22 23 0.89162 0.79544 0.71004 0.63416 0.50669 0.40573 0.32557 0.26180 0.21095 0.17032 23 24 0,88719 0.78757 0.69954 0.62172 0.49193 0.39012 0.31007 0.24698 0.19715 0.15770 24 25 0.88277 0.77977 0.68921 0.60953 0.47761 0.37512 0.29530 0.23300 0.18425 0.14602 25 Periods 9% 10% 11% 12% 13% 14% 15% 16% 17% 18% Periods 0.91743 0.90909 0.90090 0.89286 0.88496 0.87719 0.86957 0.86207 0.85470 0.84746 0.84168 0.82645 0.81162 0.79719 0.78315 0.76947 0.75614 0.74316 0.73051 0.71818 2 0.77218 0.75131 0.73119 0.71178 0.69305 0.67497 0.65752 0.64066 0.62437 0.60863 3 4 0.70843 0.68301 0.65873 0.63552 0.61332 0.59208 0.57175 0.55229 0.53365 0.51579 5 0.64993 0.62092 0.59345 0.56743 0.54276 0.51937 0.49718 0.47611 0.45611 0.43711 0.59627 0.54703 0.45559 0.39964 6 0.56447 0.53464 0.50663 0.48032 0.43233 0.41044 0.38984 0.37043 0.51316 0.48166 0.45235 0.42506 0.37594 0.35383 0.33320 0.31393 8 0.50187 0.46651 0.43393 0.40388 0.37616 0.35056 0.32690 0.30503 0.28478 0.26604 8 9 0.46043 0.42410 0.39092 0.36061 0.33288 0.30751 0.28426 0.26295 0.24340 0.22546 10 0.42241 0.38554 0.35218 0.32197 0.29459 0.26974 0.24718 0.22668 0.20804 0.19106 10 0.38753 0.35049 0.31728 0.28748 0.26070 0.23662 0.21494 0.19542 0.17781 0.16192 0.13722 11 12 0.35553 0.31863 0.28584 0.25668 0.23071 0.20756 0.18691 0.16846 0.15197 12 13 0.32618 0.28966 0.25751 0.22917 0.20416 0.18207 0.16253 0.14523 0.12989 0.11629 13 14 0.29925 0.26333 0.23199 0.20462 0.18068 0.15971 0.14133 0.12520 0.11102 0.09855 14 15 0.27454 0.23939 0.20900 0.18270 0.15989 0.14010 0.12289 0.10793 0.09489 0.08352 15 0.14150 0.12522 0.1 1081 16 0.25187 0.21763 0.18829 0.16312 0.12289 0.10686 0.09304 0.08110 0.07078 16 17 0.23107 0.19784 0.16963 0.14564 0.10780 0.09293 0.08021 0.06932 0.05998 17 18 0.21199 0.17986 0.15282 0.13004 0.09456 0.08081 0.06914 0.05925 0.05083 18 19 0.19449 0.16351 0.13768 0.11611 0.09806 0.08295 0.07027 0.05961 0.05064 0.04308 19 20 0.17843 0.14864 0.12403 0.10367 0.08678 0.07276 0.06110 0.05139 0.04328 0.03651 20 0.13513 0.12285 21 0.16370 0.11174 0.09256 0.07680 0.06383 0.05313 0.04430 0.03699 0.03094 21 22 0.15018 0.10067 0.08264 0.06796 0.05599 0.04620 0.03819 0.03162 0.02622 22 23 0.13778 0.11168 0.09069 0.07379 0.06014 0.04911 0.04017 0.03292 0.02702 0.02222 23 24 0.12640 0.10153 0.08170 0.06588 0.05323 0.04308 0.03493 0.02838 0.02310 0.01883 24 25 0,11597 0.09230 0.07361 0.05882 0.04710 0.03779 0.03038 0.02447 001974 001596 25

Periods 2% 3% 4% 5% 6% 7% 8% Periods 0.99502 0.99010 0.98522 0.98039 0.97087 0.96154 0.95238 0.94340 0.93458 0.92593 0.99007 0.98030 0.97066 0.96117 0.94260 0.92456 0.90703 0.89000 0.87344 0.85734 2 3...

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