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1. Name and describe the five primary keys on a financial calculator that are used to solve time value of money problems 2.Following the instructions
1. Name and describe the five primary keys on a financial calculator that are used to solve time value of money problems
2.Following the instructions laid out in this video, practice calculating the following TVM variables using these inputs:
a) Find a Future Value (FV): Calculate FV when PV= -1,000, N= 5, I/Y= 4, and PMT= 0.
b) Find a Present Value (PV): Calculate PV when FV= 2,000, N= 7, I/Y= 5, and PMT= 0.
c) Find the Number of Periods (N) when FV= 5,000, PV= -3,000, I/Y= 3, and PMT= 0.
d) Find the Interest Rate (I/Y) when FV= 6,000, PV= -1,500, N=10, and PMT= 0. e) Find the Payment (PMT) when FV= 15,000, PV= -8,000, N=12, and I/Y= 4.
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