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

question 54

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. Jen wants to have $19,000 in 12 years. Calculate how much she should invest now at 8% interest, compounded quarterly in order to reach this goal.

• A) $4,734.18
• B) $7,443.81
• C) $7,344.26
• D) $9,120.00

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