Using Table 11-1 from your text, calculate the compound amount and compound interest for the investment, rounding to the nearest cent. $$\begin{array} { l l l l l l }
& \text { Term of } & \text { Nominal } & \text { Interest } & \text { Compound } & \text { Compound } \
\text { Principal } & \text { Investment } & \text { Rate } & \text { Compounded } & \text { Amount } & \text { Interest } \
\$ 2,500 & 18 \text { months } & 6 \% & \text { quarterly } &----- &----- \

\end{array}$$

Question

Using Table 11-1 from your text, calculate the compound amount and compound interest for the investment, rounding to the nearest cent. $$\begin{array} { l l l l l l } 
& \text { Term of } & \text { Nominal } & \text { Interest } & \text { Compound } & \text { Compound } \
\text { Principal } & \text { Investment } & \text { Rate } & \text { Compounded } & \text { Amount } & \text { Interest } \
\$ 2,500 & 18 \text { months } & 6 \% & \text { quarterly } &----- &----- \

\end{array}$$

Quizplus · Accepted Answer

The Answer of Using Table 11-1 from your text, calculate the compound amount and compound interest for the investment, rounding to the nearest cent. $$\begin{array} { l l l l l l } 
& \text { Term of } & \text { Nominal } & \text { Interest } & \text { Compound } & \text { Compound } \
\text { Principal } & \text { Investment } & \text { Rate } & \text { Compounded } & \text { Amount } & \text { Interest } \
\$ 2,500 & 18 \text { months } & 6 \% & \text { quarterly } &----- &----- \

\end{array}$$

Using Table 11-1 from Your Text, Calculate the Compound Amount