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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 amount of an investment of $7,000 at 8% interest, compounded quarterly, for 9 years.
Q5: Use Table 12-1 from your text
Q36: You are purchasing a home for $220,000.
Q57: Xeron Corp. has current assets of $88,500
Q60: Lorna deposited $1,500, at the BEGINNING of
Q64: Refer to Narrative in your text 11-1.
Q68: To calculate Present Value, use the
Q76: 500 pounds of apples were purchased at
Q78: Use the ordinary interest method to find
Q82: For the following mortgage application, calculate
Q145: Velvety Smooth Linens takes out a loan