Use Tables 12-1 and 12-2 from your text to answer the following problems. (Round dollars to the nearest cent)
-Refer to Narrative in your text 12-1. Jim Macon wants to purchase a car in 5 years. He can afford to deposit $300 at the BEGINNING of each 3-month period.
A)How much will he have available if he invests at 6% interest compounded quarterly?
B)How much more will he have available if he can receive 8% interest compounded quarterly?

Question

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The Answer of Use Tables 12-1 and 12-2 from your text to answer the following problems. (Round dollars to the nearest cent)
-Refer to Narrative in your text 12-1. Jim Macon wants to purchase a car in 5 years. He can afford to deposit $300 at the BEGINNING of each 3-month period.
A)How much will he have available if he invests at 6% interest compounded quarterly?
B)How much more will he have available if he can receive 8% interest compounded quarterly?

Use Tables 12-1 and 12-2 from Your Text to Answer