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. Sonji wants to have $14,000 in 13 years. Calculate how much he should invest now at 6% interest,
compounded semiannually in order to reach this goal.
A) $6,491.66
B) $7,297.80
C) $9,205.88
D) $10,794.12
A
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