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Please help me figure out how to do the question pplication Time! Facts obout Jessica - Complete the following TVM questions ( Q 3 -
Please help me figure out how to do the question pplication Time! Facts obout Jessica Complete the following TVM questions QQ Here youwill be provided with odditional qudance, use the dropdown boxes for ac to help colculate the TVMproblem.Jessica was thinking of making an investrment for S She expects it to increase in value atnded annually for the next five years, How much will the investmentLGa rate of compbe worth at the end of the fifth vear?From the scenario bype out the TVM inputs in the celtsIn college, Jessica borrowed $ from her father to study abroad. She paid back $ toLGQ her father at the end of years. What was the average annual compound rate of interest onthe loan from her father?From the scenario type out the TVM inputs in the cellsJessica would like to open a savings account. How many years will it take $ to grow toLGQasD with an interest rate of From the scenario type out the TVM inputs in the celtsJessica's grandparents openeda savings account when she was born and could access theLG funcsunds when she turned The account is currently at $ and grew at a rate of Whatwas the initial amount invested?From the scenario bype out the TVM inputs in the cells.Jessica would like to go on a cruise in one year. The total trip costs $ She is thinking ofcount that earns a little interest she found an account with LG Placing the funds in an accountinterest. To reach this goal, how much would Jessica need to contribute to this accountmonthlyFrom the scenario type out the TVM inputs in the cellsLGQApplication Time! You will type the TVM inputs in the table provided fron the "Info Sheet. Mirror the inputs from the "Info Sheet" to the TVM cellis provided Within the TVM ceils, if neededcompound in the "ANSWER cell show us your TVM calculation.Goal : Opened an account with $ with the hope to have a total of S saved in anLGQemergency fund within one year no additional paymentsWhat wvould the quarterly interest rate be needed to reach this goal?eWhat would be the monthly payment to reach this goal?Goal :A credit card balance of $ with an rate. The goal is to pay off the credit cardLGQby the end of the year. future is a $ balanceHow many months will it take to complete this goal?Goal : Save $ in an account with for a down payment on a home in years. noLGQadditional paymentsHow much must be deposited todoy in the account to reach this goal?Goal : Student loan balance of $ at and making $ monthly payments. futureLGQlis a $ balanceGoal : Open a Roth IRA at for years and contribute $ on a semiannual basis.What is the potential balance of this account in years? Solving For? selet b Which input is negative? typefrom dropdownTVM inputs belowa Solving For? select b Which input is negative? typeTVM inputs belowfrom dropdowna Solving For? selectfrom dropdownHint: A negotive sign con olso result inwhat youre solving fora Solving For? selectfrom dropdownCompoundingNumber select fromdropdownCompoundingNumber select fromdropdownWhich input is negative? typeTVM inputs belowCompoundingNumber select fromdropdownCompoundingNumber select fromdropdownb Which input is negative? typeTVM inputfs belowCompoundingNumber select fromdropdownRATERATEHint AnnuallyNote: RATE CompoundingRATEa Solving For? select b Which input is negative? type Number telectTVM inputs belowfrom dropdownfrom drapdownRATE QtrRATEe CompoundingNumber selectfrorm dropdownc CompoundinNumber etefrom dropdownNote RATE Compoundingc CompoundingNumber selectfrom dropdown CompoundingNumber selectfrom dropdownc CompoundingNote: NPERCompoundingNPERNPERNPERNPERRATENPERRATE#NARATERATERATENote: NPERCampoundingPMTPMTPMTNPERPMTNPERPMTNPERNPERNPERPVPVPMTpVPMTPVPMTPMTPMT#NAEVFVPVFVpVPVANIAPVFV#NANAANSWERFVANSWER#NAANSWERtNIEFVANSWER#NJAANSWERFV
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