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. In 30 months, Cover Homes, a real estate developer, is planning to buy 25 acres of land, each acre costing $12,500. How much should Cover invest now at 6% interest compounded quarterly in order to have sufficient funds to buy the land?

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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. In 30 months, Cover Homes, a real estate developer, is planning to buy 25 acres of land, each acre costing $12,500. How much should Cover invest now at 6% interest compounded quarterly in order to have sufficient funds to buy the land?

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