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- Use financial calculator - Show work in this format ex. P/Y= C/Y= PV= FV= I/Y= N= PMT= Your company lost a lawsuit and they

image text in transcribed
- Use financial calculator
- Show work in this format
ex.
P/Y=
C/Y=
PV=
FV=
I/Y=
N=
PMT=
Your company lost a lawsuit and they have to pay $125,000 one year from today. The company wishes to pay off the lawsuit immediately instead of waiting one year. If money can earn 5.6% compounded quarterly, how much should they pay today to clear the debt? Short Answer Toolbar navigation BIS 3 A

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