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

question 136

Short Answer

Using Table 11-1 from your text, calculate the compound amount and compound interest for the investment, rounding to the nearest cent. $$\begin{array} { l l l l l l } & \text { Term of } & \text { Nominal } & \text { Interest } & \text { Compound } & \text { Compound } \\\text { Principal } & \text { Investment } & \text { Rate } & \text { Compounded } & \text { Amount } & \text { Interest } \\\$84,000& 3 \frac { 1 } { 2 } \text { years } & 14 \% & \text { semiannually } &----- &-----\end{array}$$

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Aggressive behavior driven by emotions or feelings, rather than by thoughts or reasoning.