To determine the compound amount of an investment of $10,000 with an interest rate of 6% compounded monthly after 4 years requires you to use a table factor that goes beyond the Compound Interest Table. Calculate the new table factor for this investment.

Now, using the new table factor from the previous question, calculate the compound amount for the $10,000 investment. (Points : 2.5)

Question

To determine the compound amount of an investment of $10,000 with an interest rate of 6% compounded monthly after 4 years requires you to use a table factor that goes beyond the Compound Interest Table. Calculate the new table factor for this investment. 

Now, using the new table factor from the previous question, calculate the compound amount for the $10,000 investment. (Points : 2.5)

anonymous · Answer

posting question not replying why?

anonymous · Answer

i asked u for yesterdays question why u are not replying

anonymous · Answer

replying to what

anonymous · Answer

that is the problem

anonymous · Answer

It says to use a table.  I don't have the table.

anonymous · Answer

yesterdays question

anonymous · Answer

12000(1+7.5/100)^4=4025.629or 1029.000somethinhg