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

question 20

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. Leonora wants to have $18,000 in 1 year. Calculate how much she should invest now at 10% interest, compounded semiannually in order to reach this goal.

• A) $14,700.00
• B) $15,725.00
• C) $16,326.54
• D) $17,800.20

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Ethics Competency

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