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. Concepción invests $9,500, at 10% interest, compounded annually for 10 years. Calculate the compounded amount of her investment.
Correct Answer:
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Q78: Using Table 11-1 from your text,
Q79: Using Table 11-1 from your text,
Q80: Manually calculate the compound amount and
Q81: Using Table 11-2 from your text,
Q82: The following investment requires table factors
Q84: Using Table 11-2 from your text,
Q85: Using Table 11-2 from your text,
Q86: Narrative 11-2
Solve the following problems using either
Q87: Using Table 11-2 from your text,
Q88: The following investment requires table factors
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