Question
1)Your parents are giving you $150 a month for 5 years while you are in college. At a 6 percent discount rate, what are these
1)Your parents are giving you $150 a month for 5 years while you are in college. At a 6 percent discount rate, what are these payments worth to you when you first start college? Can you please show/say how you can plug the numbers into a financial calculator to get the answer. ( for the HP 10b11+ preferably). A)$7,597.83 B)$7,080.00 C)$9,000.00 D)$7,758.83 E)$7,969.83 2)
A)11.04% B)12.05% C)9.04% D)10.04% E)5.02%
A)$1.31 B)$1.18 C)$2.79 D)$1.62 E)$1.12 |
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