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I would like to know how to answer this using a Financial Calculator, what are the values? N=, I/Y=, PV=, FV=, PMT=, C/Y=, P/Y=, and
I would like to know how to answer this using a Financial Calculator, what are the values? N=, I/Y=, PV=, FV=, PMT=, C/Y=, P/Y=, and BGN/END.
Jordan made payments of $161.88 at the end of every month into a retirement fund which accumulated to $37,000 over 17 years. a. At what interest rate compounded monthly was the fund growing? (Assume that the interest rate remained constant throughout the term.) % Round to two decimal places. b. At what interest rate would he have been able to accumulate the same $37,000 in only 14 years? % Round to two decimal placesStep by Step Solution
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