MY NOTES ASK YOUR TEACHER Inez wants to have $19,000 in 3 years. Use the present value formula to calculate how much Inez should invest now at 7% interest, compounded quarterly in order to reach her goal $15.010.00 $15,410.50 $15,429.10 $15,509.56 DETAILS BRECMBC9 11.11. TB.004 MY NOTES ASK YOUR TEACHER 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 ve decimal places, round dollars to the nearest cent and percents to the nearest hundredth of a percent) You wish to have $18,000 in 7 years. How much should you invest now at 7% interest, compounded annually in order to have $18,000, 7 years from now? $2.403.20 O $11,043.00 $11.209.50 $14,204.52 DETAILS BRECMBC9 11.11. TB.011 MY NOTES ASK YOUR TEACHER Suppose you wish to have $18,000 in 3 years. Use the present value formula to find how much you should invest now at % interest, compounded semiannually in order to have $18,000, 3 years from now. Then calculate the amount of interest $3356.99 $3.700.00 $14,220.00 514,643.01