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. Jake Harris can invest $6,000 for 6 years at National Savings Bank and receive 6% interest compounded annually in a passbook savings account. Moravian Bank offers him 6% interest compounded semiannually. How much more interest will Jake earn if he invests at Moravian?

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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. Jake Harris can invest $6,000 for 6 years at National Savings Bank and receive 6% interest compounded annually in a passbook savings account. Moravian Bank offers him 6% interest compounded semiannually. How much more interest will Jake earn if he invests at Moravian?

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