Narrative 11-2Solve 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 11-2. You wish to have $35,000 in 6 years. How much should you invest now at 6% compounded annually in order to have $35,000, in 6 years?
What will be an ideal response?
$24,673.60
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