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

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
ChapterA3: Time Value Of Money
Section: Chapter Questions
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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
$200,000 10 years 4 annually
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