Problem

Complete the following without using Table 12.1 (round to the nearest cent for each calcul...

Complete the following without using Table 12.1 (round to the nearest cent for each calculation) and then check by Table 12.1 (check will be off due to rounding).

Principal

Time (years)

Rate of compound interest

Compounded

Periods

Rate

Total amount

Total interest

$1,400

2

4%

Semiannually

 

 

 

 

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Solutions For Problems in Chapter 12