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. Calculate the compound interest on an investment of $18,000 at 8%, interest compounded quarterly, for 15 months.

Group of answer choices

$1,873.44

$18,788.21

$883.54

$8,725.35

Table 11-1: Compound Interest Table (Future Value of $1 at Compound Interest) (1 of 2) 10 12 15 11 GAGE Table 11-1: Compound Interest Table (Future Value of $1 at Compound Interest) (2 of 2) Period s Pries 172113721604712022 202342 1 11843 12012146004161 22222.6827315822002 2 0 1304101 .7004 2005 2.400 2.54 3.379 3.50 120100115522100 20130111 0212203 110 111 124 1711191610 101 102 10 12 GB EXHIBIT 11-3: Compounding Periods per Year