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Dylan and Myra are planning to go on a cruise to celebrate their 5th wedding anniversary 2 years from now. They estimate that the cruise

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Dylan and Myra are planning to go on a cruise to celebrate their 5th wedding anniversary 2 years from now. They estimate that the cruise will cost $5,000. When using a financial calculator to plan for the cruise, the $5,000 should be entered into which key? Multiple Choice N PV O o PMT O o FV Antoine has $5,000 to invest. When programming a financial calculator, which key is used to input the $5,000? Multiple Choice N O O PV O PMT O O FV The net present value method assumes that cash flows from a project are immediately reinvested at a rate of return equal to the internal rate of return. True or False True False In calculating the payback period where new equipment is replacing old equipment, any salvage value to be received on disposal of the old equipment should be deducted from the cost of the new equipment. True or False True False The internal rate of return is the rate of return of an investment project over its useful life. True or False True False Paying taxes to governmental bodies is considered a cash outflow in the operating activities section on the statement of cash flows. True or False True False

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