There are no partial credits. You must have every one of the following 9 entries correct, and your answer must be correct as well (with appropriate + or - signs shown for each entry, when relevant, and for the answer).

• BGN or END Mode
• P/Y
• N, I/Y, PV, PMT, and FV.Enter "?" for the variable you are solving for and enter the values for the other four variables, with the appropriate sign (+ or - when relevant).
• State what you are solving for in the CPT field, e.g. what comes after "CPT". This is the item you identified as a "?" in the table.
• Your answer as found by the calculator with the appropriate sign.

7. What is the PV of a five-year $100 annuity due if interest rate is 26% compounded semi-annually? BGN or END Mode (delete one P/Y = N 1/Y PV PMT FV CPT ?- 8. What is the value of a three-year $100 annuity due after 3 years if interest rate is 26% compounded quarterly? BGN or END Mode (delete one) P/Y = N 1/Y PV PMT FV CPT ? 9. How many years does it take for $1,000 to grow to be $1,500, if interest rate is 12%? BGN or END Mode (delete one) P/Y = N I/Y PV PMT FV CPT ?>10. How many years does it take for $1, 000 grow to be $1,500, if interest rate is 12% com. unded month ? Note: The problems you get on the quizzes and assignments will be likely similar to the following words problems where you need to read the problem and gure out what you have been asked to calculate. The problems given you above for instructional purposes very clearly asked you what you need to solve for. Real nancial life is a bit more complicated. 11. You intend to buy a car and you have already found what you like. It costs $10,000 and you expect the price to be the same when you are ready to buy it in the future= You don't have the money now, but your grandmother just gave you $7,000 as a birthday present. How many years do you have to wait before buying your dream car? Assume interest rate is 10%