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Please help answer this question with Texas Instruments TI-BAII Plus Financial Calculator Kendra is leasing a car originally valued at $32,960. The lease is being
Please help answer this question with Texas Instruments TI-BAII Plus Financial Calculator
Kendra is leasing a car originally valued at $32,960. The lease is being financed with an interest rate of 8.03% compounded monthly with payments of $489 at the beginning of each month. Round the value of N to two decimal places. (a) How many payments will Kendra have to make to repay the original value? Choose BGN or END ? P/Y = C/Y = N = I/Y = % PV = $ PMT = $ FV - $ Number of payments = (round to the next higher whole number) Amber invested $680 at the beginning of every 3 months into an RRSP for 4 years and 3 months at 4.63% compounded semi-annually. Round all answers to two decimal places where necessary. a. What is the accumulated value of the RRSP after 4 years and 3 months? Choose BGN or END ? N = 1/Y = P/Y - C/Y PV = $ PMT = $ FV = $ Accumulated Value = $ (enter a positive value) b. How much interest was earned over the period of 4 years and 3 months? Interest earned = $ (enter a positive value) Emily deposits $215 at the beginning of every six months into an account that earns 1.61% compounded quarterly. Find the accumulated value of the account in 4 years and 6 months. Round all answers to two decimal places if necessay. Choose BGN or END ? P/Y - C/Y = N = I/Y = PV = $ PMT = $ FV = $Step by Step Solution
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