Calculate the present value (principal) and the compound interest (in $). Use Table 11-2. Round your answers to the nearest cent.

Compound
Amount Term of
Investment Nominal
Rate (%) Interest
Compounded Present
Value Compound
Interest

$34,000 6 years 4 semiannually $ $

Transcribed Image Text:TABLE 11-2 Present Value Table (Present Value of $1 at Compound Interest) Periods 2% 3% 4% 5% 6% 7% Periods 0.99 502 0990 10 0.98522 0.98039 0.97087 0.961 54 0.95238 0.94340 0.93458 0.92593 a98030 0.94 260 0.87 344 0.81630 2 0.99007 0.97066 0.961 17 0.92456 0.90703 0.89000 0.85734 3 0.98515 09709 0.95632 0.94232 0.91514 088900 0.86 384 0.8.3962 0.79383 4 0.98025 0.96098 0.94218 0.92385 0.88849 0.85480 0.82270 0.79209 0.76290 0.73503 4 5 0.97537 0.95147 0.92826 0.90573 0.86 261 0.82193 0.78353 0.74726 0.71299 0.68058 0.97052 0.94205 0.91454 0. 88797 0.83748 0.79031 0.74622 0.70496 0.66634 0.6.3017 7 0.96569 093272 0.90 103 0.87056 0.81 309 0.75992 0.71068 0.66506 0.62275 0.58349 7 0.96089 0.92348 0.88771 0.85349 0.78941 0.7.3069 0.67684 0.62741 0.58201 0.54027 9 0956 10 09 1434 0.87459 0.836 76 0.76642 0.70259 0.64461 0.59190 0.54393 0.50025 10 0.95 135 0.905 29 0.86 167 0.82035 0.74409 067556 0.61391 0.55839 0.50835 0463 19 10 11 0.94661 0.89632 0.84893 0.804 26 0.72242 0.64958 0.58468 0.52679 0.47509 0.428 88 11 12 0.94 191 088745 O83639 0.78849 0.70138 0.62460 0.55684 0.49697 0.44401 0.39711 12 13 0.93722 087866 0.82403 0.77303 0.68095 0.60057 0.53032 046884 0.41496 0.36770 13 14 0.93256 0.86996 0.81 185 0.75788 0.66 112 057748 0.50507 0.44230 0.38782 0.34046 14 15 0.92792 0861 35 0.79985 0.74301 0.64 186 0.555 26 0.48 102 041727 0.36245 0.31524 15 16 0.923 30 0.85282 0.78803 0.72845 0.62317 053391 0.45811 0.39365 0.33873 0.291 89 16 0.714 16 0. 700 16 0.643 17 0.91871 0844 38 0.77639 0.60502 05 1337 0.43630 0.37136 0.31657 0.27027 17 18 0.91414 0.83602 0.76491 0.58739 049363 0.41552 0.35034 0.29586 0.25025 18 19 0.90959 082774 0.75361 0.57029 047464 0.39573 0.3.3051 0.27651 0.23171 19 20 0.90506 08 1954 0.74247 0.67297 0.55 368 0456 39 0.37689 0.311 80 0.25842 0.21455 20 21 0.90056 081143 0.73 150 0.659 78 0.53755 0.43883 0.35894 0.294 16 0.24 151 0.19866 21 22 0.89608 0.80340 0.72069 0.646 84 0.52 189 042196 0.34 185 0.27751 0.22571 0.18394 22 0.1 7032 0.157 70 23 0.89 162 0.79544 0.71004 0.634 16 0.50669 0.40573 0.32557 0.261 80 0.21095 23 24 0.88719 0.78757 0.69954 0.62172 0.49 193 0.39012 0.31007 0.24698 0.19715 24 25 0.88277 0.77977 0.68921 0.60953 0.47 761 0.375 12 0.29530 0.23300 0.18425 0.14602 25 Periods 10% 11% 12% 13% 14% 15% 16% 17% 18% Periods 0.91743 0.90909 0.90090 0.892 86 0.88496 0877 19 0.86957 0.86207 0.85470 0.84746 0.84 168 082645 0.81 162 0.797 19 0.78315 0.76947 0.75614 0.743 16 0.73051 0.7 18 18 0.77218 0.75131 0.73119 0.71178 0.69 305 0.67497 0.65752 0.64066 0.62437 0.60863 4 0.70843 0.68301 0.65873 0.61552 0.61332 0.59208 0.57175 0.55229 0.53 65 05 1579 4 5 0.64993 0.62092 0.59345 0.56743 0.54276 05 1937 0.49718 047611 0.45611 043711 5 0.59627 0.56447 0.53464 0.50663 0.48032 045559 0.43233 04 1044 0.38984 0.37043 0.54703 0.513 16 0.48 166 0.452 35 0.42506 0.39964 0.37594 0.35383 0.33320 0.31393 0.50187 0.46651 0.43 393 0.403 88 0.37616 0.35056 0.32690 0.30503 0.28478 0.26604 0.46043 0424 10 0.39092 0.36061 0.33288 0.30751 0.28426 0.26295 0.24340 0.22546 10 0.42241 0.38554 0.35218 0.32197 0.29459 0.26974 0.24718 0.22668 0.20804 0.19106 10 11 0.38753 0.35049 031728 0.28748 0.26070 0.23662 0.21494 0.19542 0.17781 0.16192 11 12 0.35553 0.3 1863 0.28584 0.25668 0.23071 0.20756 0.18691 0.16846 0.15 197 0.13722 12 13 0.32618 0.28966 0.25751 0.229 17 0.20416 0.1 8207 0.16253 0.14523 0.12989 0.1 1629 13 14 0.29925 0.26333 0.23 199 0.20462 0.18068 0.15971 0.14 133 0.12520 0.11 102 0.09855 14 15 0.27454 0.2.39 39 0.20900 0. 182 70 0.15989 0.140 10 0.12289 0.10793 0.09489 0.08352 15 0.1 2289 0. 163 12 0. 14564 16 0.25 187 0.21763 0.18829 0.14 150 0.10686 0.09304 0.08 110 0.07078 16 17 0.23 107 0.19784 0.16963 0.12522 0.10780 0.09293 0.08021 0.06932 0.05998 17 18 0.21 199 0.17986 0.15282 0. 13004 0.11081 0.09456 0.0SOS I 0.069 14 0.05925 0.05083 18 19 0.19449 0.16351 0.13768 0.11611 0.09806 0.08295 0.07027 0.05961 0.05064 0.04308 19 20 0.17843 0.14864 0.12403 0. 10367 0.08678 007276 0.06110 0.05139 0.04328 0.0.3651 20 21 0.16370 0.135 13 0.11 174 0.09256 0.07680 0.06383 0.05 313 0.04430 0.03699 0.0.3094 21 22 0.15018 0.1 2285 0.10067 0.08264 0.06796 a.05599 0.04620 0.038 19 0.03 162 0.02622 22 23 0.13778 0.11168 0.09069 0.07379 0.06014 0.04911 0.04017 0.03292 0.02 702 0.02222 23 24 0.12640 0.10153 0.08 170 0.065 88 0.05 323 0.04308 0.03493 0.02838 0.02310 0.01883 24 25 0.11597 0.092 30 0.07 61 0.058 82 0.04710 0.03779 0.03038 0.02447 0.01974 a.01596 25 rounded to five decimal places, where i is the interest rate per period and The values in Table 11-2 were generated by the formula PV = n is the total number of periods. (1 + iy

Question

Calculate the present value (principal) and the compound interest (in $). Use Table 11-2. Round your answers to the nearest cent.

Compound Amount	Term of Investment	Nominal Rate (%)	Interest Compounded	Present Value	Compound Interest
$34,000	6 years	4	semiannually	$	$

Accepted Answer

Answered: Image /qna-images/answer/aa312acc-b1ac-415c-ae4b-92bb971d031d.jpg

Calculate the present value (principal) and the compound interest (in $). Use Table 11-2. Round your answers to the nearest cent. Compound Amount Term of Investment Nominal Rate (%) Interest Compounded Present Value Compound Interest $34,000 6 years 4 semiannually $ $