Narrative 11-1 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 11-1. You wish to have $16,500 in 6 years. How much should you invest now at 9% interest, compounded annually
in order to have $16,500, 6 years from now?
A) $11,172.15
B) $6,661.54
C) $9,838.46
D) $27,672.15
C
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