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Narrative 11-1 Solve the Following Problems Using Either Tables 11-1 or 11-2

Question 17

Multiple Choice

Narrative 11-1
Solve the following problems using either Tables 11-1 or 11-2 from your text. When necessary, create new table factors. (Round new table factors to five decimal places, round dollars to the nearest cent and percents to the nearest hundredth of a percent)
-Refer to Narrative in your text 11-1. Roby invests $18,700, at 8% interest, compounded quarterly for 8 years. Calculate the compound amount for his investment.


A) $35,241.09
B) $25,671.17
C) $65,600.54
D) $64,065.08

Correct Answer:

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