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Please show how work is solved using a Calculator step by steps. You should write down your entries as: I/Y=5, PV=-1, PMT=0, FV=2, CPT N=?
Please show how work is solved using a Calculator step by steps. You should write down your entries as: I/Y=5, PV=-1, PMT=0, FV=2, CPT N=? --- the question mark here stands for your answer to the question.
Question 5 PV, Lump Sum, Compounding [2 points]: Find the present value of $600 due in five years under each of the following conditions:
a) 12 percent simple rate, compounded annually
b) 12 percent simple rate, compounded by semiannually
c) 12 percent simple rate, compounded quarterly
d) 12 percent simple rate, compounded monthly
BA2 Plus financial calculator
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