Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

also...how do you calculate this on TI-84 calculator correctly? Homework: 3.2 Compound and continuous ir Score: 0 of 1 pt X 3.2.47 An investment company

image text in transcribed
also...how do you calculate this on TI-84 calculator correctly?
Homework: 3.2 Compound and continuous ir Score: 0 of 1 pt X 3.2.47 An investment company pays 5% compounded semiannually. You want to have $11,000 in the future. (A) How much should you deposit now to have that amount 5 years from now? $ 8593.18 (Round to the nearest cent.) (B) How much should you deposit now to have that amount 10 years from now? (Round to the nearest cent.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Small Business Finance And Valuation

Authors: Rick Nason, Dan Nordqvist

1st Edition

1952538122, 9781952538124

More Books

Students also viewed these Finance questions

Question

List the major prohibitions of the Canadian Human Rights Act .

Answered: 1 week ago