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. Roberta and John Sells would like to be able to buy a home in four years. They want to have $20,000 as a down payment. What amount must they invest today at 6% interest compounded monthly, in order to have $20,000 four years from now?

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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. Roberta and John Sells would like to be able to buy a home in four years. They want to have $20,000 as a down payment. What amount must they invest today at 6% interest compounded monthly, in order to have $20,000 four years from now?

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