Complete the following without using Table 121 Round to the

Complete the following without using Table 12.1. (Round to the nearest cent for each calculation. Omit the \"$\" and \"%\" signs in your response.)

   

Complete the following without using Table 12.1. (Round to the nearest cent for each calculation. Omit the \"$\" and \"%\" signs in your response.)

Present value interest factor of $1 per period at i% for n periods, PVIF(i, n).

Solution

Hi,

Please find the answer as follows:

Thanks.

Principal	Time (Years)	Rate of Compounded Interest	Compounded	Periods	Rate	Total Amount	Total Interest
1600	2	6%	Semiannually	4	3%	1800.8	200.8