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. What is the present value of $36,400 in $$1 \frac { 1 } { 4 }$$ years if the interest rate is 8% compounded quarterly?

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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. What is the present value of $36,400 in $$1 \frac { 1 } { 4 }$$ years if the interest rate is 8% compounded quarterly?

Narrative 11-2 Solve the Following Problems Using Either Tables 11-1 1141 \frac { 1 } { 4 }141​

Narrative 11-2
Solve the Following Problems Using Either Tables 11-1 $1 \frac { 1 } { 4 }$