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. When you were two years old, your parents invested $22,000 at 8% interest compounded quarterly for your college education. You are now 18 years old and ready for college. How much is this account worth? (Use the factors 16, 16, 16, and 16 periods)

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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. When you were two years old, your parents invested $22,000 at 8% interest compounded quarterly for your college education. You are now 18 years old and ready for college. How much is this account worth? (Use the factors 16, 16, 16, and 16 periods)

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