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I need help with these questions please. How to solve by using a financial calculator ( calculator steps) 17. Dennis Rodman has a $5,000 debt

I need help with these questions please. How to solve by using a financial calculator ( calculator steps)

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17. Dennis Rodman has a $5,000 debt balance on his Vica card that charges 12.9% compounded monthly. Dennis' current minimum monthly payment is 3% of his debt balance, which is $150. How many months (round up) will it take Dennis to pay off his credit card if he pays the current minimum payment of $150 at the end of each month? 42 18. In 10 years you are planning on retiring and buying a house in Oviedo, Florida. The house you are looking at currently costs $100,000 and is expected to increase in value each year at a rate of 5%. Assuming you can earn 10% annually on your investments, how much must you invest at the end of each of the next 10 years to: be able to buy your dream home when you retire? Put A 10, 221 FUU 162,39 19. You lend a friend $10,000 for which your friend will repay you $27,027 at the end of 5 years. What interest rate are you charging your "friend? 2 2 2 20. (Nonannual compounding using a calculator) Bowflex's television ads say you can get a fitness machine that sells for $999 for $33 a month for 36 months. What rate of interest are you paying on this Bowflex loan? 11. 62B Dr. 99/mo 21. One bank offers you 5% interest compounded semi-annually. What is the equivalent rate if interest is compounded quarterly? 446944 Il nas 5. 06 z 5 HG6- ANS) HP 1Obll Financial Calculator 1,180.36 (PV I/YR NOM% PMT P/YR FV AMORT XP/YR EFF% INPUT MU CST IRR/YR PRC MAR BEG/END NPV CFi SWAP %CHG RND +/- -M RM M+ RCL STO Xx? CLE y 7 8 Oxo CALL IN + ON = OFF * DISP

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