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. Maurice wants to have $21,000 in 10 years. Calculate how much interest the account would earn to help him achieve his goal. How much should he invest now? His rate is 6% compounded semiannually.

Question

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The Answer of 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. Maurice wants to have $21,000 in 10 years. Calculate how much interest the account would earn to help him achieve his goal. How much should he invest now? His rate is 6% compounded semiannually.

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