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You MUST use the TI BA II calculator features (N, I/Y, PV, PMT, FV , AMORT ) to solve questions whenever possible. 1. An investment
You MUST use the TI BA II calculator features (N, I/Y, PV, PMT, FV, AMORT) to solve questions whenever possible.
1. An investment allows for end-of-year payments that grow by 3% per payment for 20 years, starting with $2,000 at the end of the first year. If the payments earn 4% compounded annually, how much was invested at the beginning?
You MUST use the TI BA II calculator features (N, I/Y, PV, PMT, FV, AMORT) to solve questions whenever possible.
1. An investment allows for end-of-year payments that grow by 3% per payment for 20 years, starting with $2,000 at the end of the first year. If the payments earn 4% compounded annually, how much was invested at the beginning?
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Fundamental financial accounting concepts
Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward
8th edition
978-0078025365
