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. Jose invests $7,500, at 12% interest, compounded quarterly for 11 years. Calculate the amount of compound interest.
A) $18,589.13
B) $20,035.80
C) $26,089.13
D) $27,535.80

Question

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The Answer of 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. Jose invests $7,500, at 12% interest, compounded quarterly for 11 years. Calculate the amount of compound interest.
A) $18,589.13
B) $20,035.80
C) $26,089.13
D) $27,535.80

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