Manually Calculate the Compound Amount and Compound Interest for the Investment

question 92

Short Answer

Manually calculate the compound amount and compound interest for the investment, rounding to the nearest cent: $$\begin{array} { l l l l l l } & \text { Term of } & \text { Nominal } & \text { Interest } & \text { Compound } & \text { Compound } \\\text { Principal } & \text { Investment } & \text { Rate } & \text { Compounded } & \text { Amount } & \text { Interest } \\\$ 15,000 & 2 \text { years } & 8 \% & \text { semiannually } &-------- &------ \\\end{array}$$

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Definitions:

Ischiocavernosus

A muscle that aids in erection of the penis or clitoris by compressing the base of the penile or clitoral tissue.

Coccygeus

A small muscle located in the pelvic area that helps support the coccyx (tailbone).

Moving the Legs

The action facilitated by a complex system involving skeletal muscles, nerves, and bones to enable locomotion and support.

Abdominal Muscles

A group of muscles in the abdominal region that supports the trunk, allows movement and holds organs in place.