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. George invests $12,500, at 12% interest, semiannually for 12 years. Calculate the compound amount for
his investment.
A) $48,699.75
B) $50,611.63
C) $25,152.50
D) $25,409.88
B
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