Narrative 11-2
Solve the Following Problems Using Either Tables 11-1 $$1 \frac { 3 } { 4 }$$

question 121

Short Answer

Narrative 11-2
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 11-2. What is the present value of $38,400 in $$1 \frac { 3 } { 4 }$$ years if the interest rate is 6% compounded quarterly?

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Definitions:

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