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Question 9 0.5 pts Solve for Annuity Payment when Payments at End of Period. See Text and/or See Practice Problems with Calculator Tutorial. Select the

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Question 9 0.5 pts Solve for Annuity Payment when Payments at End of Period. See Text and/or See Practice Problems with Calculator Tutorial. Select the correct key strokes on the TIBAII+ calculator for the following situation. You decide to start saving for a down payment on a car. You plan to deposit the same amount at the end of each year for 5 years. You plan to deposit your savings with a new online bank offering 5% compounded annually if you commit to not making withdrawals for 5 years (earlier withdrawals will have a penalty charge). You believe that return is above average, which will give you approximately $5,525 at the end of 5 years. How much do you need to save and deposit at the end of each year? Be sure PMT is set to default setting, which is END; then input Nis 5.1/Y is 5; PV is 5525; FV is 5525; then CPT PMT Be sure PMT is set to default setting, which is END; then input Nis 5; 1/Y is 5; PV is -5525; FV is - 5625; then CPT PMT Be sure PMT is set to default setting, which is END; then input Nis 5; 1/Y is .05; PV is 0 or left blank; FV is 5525; then CPT PMT. Be sure PMT is set to default setting, which is END; then input Nis 5. I/Y is 5; PV is 0 or left blank; FV is 5525; then CPT PMT

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