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. Calculate the compound interest on an investment of $7,500 at 8% interest, compounded quarterly, for 8 years.
A) $6,381.98
B) $6,634.13
C) $13,881.98
D) $14,134.13

Question

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The Answer of 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. Calculate the compound interest on an investment of $7,500 at 8% interest, compounded quarterly, for 8 years.
A) $6,381.98
B) $6,634.13
C) $13,881.98
D) $14,134.13

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