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Using Table 11-1, calculate the compound amount and compound interest (in $) for the
investment. (Round your answers to the nearest cent.) Principal Time Period (years) Nominal Rate
(%) Interest Compounded Compound Amount Compound Interest $6,000 4 12 annually $
Incorrect: Your answer is incorrect. $ Incorrect: Your answer is incorrect.

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  • 1. Using Table 11-1, calculate the compound amount and compound interest (in $) for the investment. (Round your answers to the nearest cent.) Principal Time Period (years) Nominal Rate (%) Interest Compounded Compound Amount Compound Interest $6,000 4 12 annually $ Incorrect: Your answer is incorrect. $ Incorrect: Your answer is incorrect.