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Question 11 1 pts Solve for N in a Lump Sum Situation. (Hint: FV is given in words, so you can determine the dollar amount

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Question 11 1 pts Solve for N in a Lump Sum Situation. (Hint: FV is given in words, so you can determine the dollar amount as an input). Select the correct keystrokes on the TIBAII+ calculator for the following situation. At an inflation rate of 9%, the purchasing power of $1 would be cut in half in just over 8 years. How long would it take for the purchasing power of $1 to be cut in half if the inflation rate were 4%? 1/Y is 0.4; PV is 1: Pmt is 0 or leave blank; FV is.50 then change sign to make it negative; then CPTN None of the answer choices are correct. 1/Y is 4; PV is 1 then change sign to make it negative; Pmt is 0 or leave blank; FV is.5; then CPTN 1/Y is .04; PV is 1; Pmt is 0 or leave blank; FV 0.50; then CPTN

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