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. Jen wants to have $19,000 in 12 years. Calculate how much she should invest now at 8% interest,
compounded quarterly in order to reach this goal.
A) $4,734.18
B) $7,443.81
C) $7,344.26
D) $9,120.00
C
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What will be an ideal response?
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