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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

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.
  • image text in transcribedimage text in transcribed
Please note that any problem that refers to periodic (non-annual) compounding (e.g. monthly, quarterly, semi-annually) will not be in the first TVM mini quiz (Wednesday October 7). It will be in the second TVM mini quiz scheduled for Monday October 12 during class time. When you submit this practice quiz, you could solve the periodic compounding problems as well or omit them. They are here for your practice. 1. What is the FV of $100 after 3 years if interest rate is 26%? (covered in TVM in-class mini quiz 1) BGN or END Mode (delete one) P/Y= N I/Y PV PMT FV CPT? Identify what the "?" is-same as the 2 you enter for the unknown variable above. 2. What is the FV of $100 three years from now if interest rate is 26% compounded semi-annually? BGN or END Mode (delete one) P/Y = N 1/Y PV PMT FV CPT? 3. What is the PV of $100 you expect to receive in five years if interest rate is 26% compounded annually? BGN or END Mode (delete one) P/Y= N 1/Y PV PMT FV CPT? 4. What is the PV of $100 you expect to receive in five years if interest rate is 26% compounded quarterly? 3 BGN or END Mode (delete one) P/Y= N I/Y PV PMT FV CPT? 5. What is the current value of a five-year $100 annuity if interest rate is 26% compounded annually? BGN or END Mode (delete one) P/Y= N I/Y PV PMT FV CPT? 6. What is the PV of a five-year $100 annuity if interest rate is 26% compounded semi-annually? BGN or END Mode (delete one) P/Y= N I/Y PV PMT FV CPT

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