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. Laura wants to have $6,500 in 8 years. Calculate how much she should invest now at 8% interest, compounded quarterly in order to reach this goal.
A) $3,534.18
B) $4,448.81
C) $3,449.16
D) $2,120.00

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. Laura wants to have $6,500 in 8 years. Calculate how much she should invest now at 8% interest, compounded quarterly in order to reach this goal.
A) $3,534.18
B) $4,448.81
C) $3,449.16
D) $2,120.00

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