Solve by Using Compound Table

question 82

Short Answer

Solve by using compound table:
$$\begin{array} { | l | l | l | l | l | } \hline \text { Principal } & \text { Rate } & \text { Time } & \begin{array} { l } \text { When } \\\text { Compounded }\end{array} & \text { Total Amount } \\\hline \$ 15,000 & 12 \% & \text { 4 years } & \text { Quarterly } & \text { ? } \\\hline\end{array}$$

---

Definitions:

Uncertainty

A state of having limited knowledge where it is impossible to exactly describe the existing state, a future outcome, or more than one possible outcome.

Crises Eliminated

The process of resolving severe, urgent problems that threaten an organization or system, preventing their recurrence.

Business Leaders

Individuals in positions of authority within companies who are responsible for decision-making and strategic direction.

Bounded Rationality

A theory proposing that people base their choices on the restricted data they have access to and within the limitations of their cognitive abilities.