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Sarah invest $2500 today in an account that pays 6 percent interest compounded semi-annually. She wants to know the total balance in her account five
Sarah invest $2500 today in an account that pays 6 percent interest compounded semi-annually. She wants to know the total balance in her account five years from today. Identify the correct keystrokes to be used in a financial calculator to determine the total balance in the future. Briefly explain what the question is asking.
A) N=6, I/Y= 5, PV=2,500
B) N=5, I/Y=6, PV = 2,500
C) N=10, I/Y=3, PV=2,500
D) N=5, I/Y=3, PV=2,500
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