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

Question 1

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. Simon invests $19,500, at 9% interest, compounded annually for 11 years. Calculate the compound amount for his investment.


A) $41,578.53
B) $59,622.88
C) $40,793.88
D) $50,318.39

Correct Answer:

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