Question
Solve the follwoing problems and show all calculator entries indicated. Goal #1 Save 5000 in 5 years at 5.5% interest rate one deposit (lump sum)
Solve the follwoing problems and show all calculator entries indicated.
Goal #1 Save 5000 in 5 years at 5.5% interest rate
one deposit (lump sum) Assume annual compounding
N=
P/Y=
PV=
FV=
I/Y=
C/Y=
PMT=
Monthly deposits Assume monthly compound
N=
P/Y=
PV=
FV=
I/Y=
C/Y=
PMT=
Annual deposits Assume annual compound
N=
P/Y=
PV=
FV=
I/Y=
C/Y=
PMT=
Quarterly deposits Assume quarterly compounding
N=
P/Y=
PV=
FV=
I/Y=
C/Y=
PMT=
Goal #2 Save ? in 7 years at 6.25% interest rate and payments of $225
Monthly deposits Assume monthly compound
N=
P/Y=
PV=
FV=
I/Y=
C/Y=
PMT=
Annual deposits Assume annual compound
N=
P/Y=
PV=
FV=
I/Y=
C/Y=
PMT=
Quarterly deposits Assume quarterly compounding
N=
P/Y=
PV=
FV=
I/Y=
C/Y=
PMT=
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Advanced Finance
Authors: Michael Fardon
1st Edition
1872962319, 1872962173, 978-1872962313, 978-1872962177
