Using Table 11-2 from your text, calculate the present value (principal) and the compound interest for the following investment, rounding to the nearest cent. $$\begin{array} { l l l l l l }
\text { Compound } & \text { Term of } & \text { Nominal } & \text { Interest } & \text { Present } & \text { Compound } \
\text { Amount } & \text { Investment } & \text { Rate } & \text { Compounded } & \text { Value } & \text { Interest } \
\$ 1,200 & 27 \text { months } & 8 \% & \text { quarterly } &------- & -------\

\end{array}$$

Question

Using Table 11-2 from your text, calculate the present value (principal) and the compound interest for the following investment, rounding to the nearest cent. $$\begin{array} { l l l l l l } 
\text { Compound } & \text { Term of } & \text { Nominal } & \text { Interest } & \text { Present } & \text { Compound } \
\text { Amount } & \text { Investment } & \text { Rate } & \text { Compounded } & \text { Value } & \text { Interest } \
\$ 1,200 & 27 \text { months } & 8 \% & \text { quarterly } &------- & -------\

\end{array}$$

Quizplus · Accepted Answer

The Answer of Using Table 11-2 from your text, calculate the present value (principal) and the compound interest for the following investment, rounding to the nearest cent. $$\begin{array} { l l l l l l } 
\text { Compound } & \text { Term of } & \text { Nominal } & \text { Interest } & \text { Present } & \text { Compound } \
\text { Amount } & \text { Investment } & \text { Rate } & \text { Compounded } & \text { Value } & \text { Interest } \
\$ 1,200 & 27 \text { months } & 8 \% & \text { quarterly } &------- & -------\

\end{array}$$

Using Table 11-2 from Your Text, Calculate the Present Value