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. Seymour wants to have $10,500 in 9 years. Calculate how much he should invest now at 6% interest, compounded quarterly in order to reach this goal.
A) $6,139.38
B) $6,143.45
C) $6,361.01
D) $6,270.47

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. Seymour wants to have $10,500 in 9 years. Calculate how much he should invest now at 6% interest, compounded quarterly in order to reach this goal.
A) $6,139.38
B) $6,143.45
C) $6,361.01
D) $6,270.47

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