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

question 60

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. Calculate the compound interest on an investment of $45,000 at 6% interest, compounded quarterly, for 3 years.

• A) $8,802.90
• B) $8,802.00
• C) $53,802.90
• D) $2,992.42