Solve the following problem using either Table 11-1 or Table 11-2 from your text. When necessary, create new table factors. (Round new table factors to five decimal places, round dollars to the...


Solve the following problem using either Table 11-1 or Table 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)<br>You wish to have $18,250 in 9 years. How much should you invest now at 5% interest, compounded annually in order to have $18,250, 9 years from now?<br>O $1,931.22<br>O $11,647.52<br>O $11,764.13<br>O $14,652.56<br>Need Help?<br>Read It<br>

Extracted text: Solve the following problem using either Table 11-1 or Table 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) You wish to have $18,250 in 9 years. How much should you invest now at 5% interest, compounded annually in order to have $18,250, 9 years from now? O $1,931.22 O $11,647.52 O $11,764.13 O $14,652.56 Need Help? Read It

Jun 06, 2022
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