show how to put in calculator for PV, FV,PMT, N, I/Y to get answer ...
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show how to put in calculator for PV, FV,PMT, N, I/Y to get answer
compute using ba 2 texas instruments calculator
- less than 1. Jerry was recently offered a position with a major accounting firm. The firm offered Jerry either a signing bonus of $23,000 payable on the first day of work or a signing bonus of $26,000 payable after one year of employment. Assuming that he will remain at the firm for a least one yok and given a relevant interest rate of 15%, which option should Jerry choose? a. The options are equivalent. X 24,006 y 1.15: 22,608.7 b. Insufficient information to determine. X The signing bonus of $23,000 payable on the first day of work. d. The signing bonus of $26,000 payable after one year of employment. 2. Ir Jethro wanted to save a set amount each month in order to buy a new pick-up truck when the new models are next available, which time value concept would be used to determine the monthly payment? a. Present value of one. b. Future value of one. Present value of an annuity due. d. Future value of an ordinary annuity. 3. Assume ABC Company deposits 595,000 with First National Bank in an account earning interest at 5% per annum, compounded semi-annually. How much will ABC have in the account after five years if interest is reinvested? X PV = 95.000 a. $120,953. n=10 b. $95,500 c. $117.005. PV: 95,000 d. $121.247. n=10 Size 2.5FV Iloce 1 = 25 4. You can afford an $800 / month car payment. What is the most expensive car you can buy if you think you can qualify for 4 year loan at 3% APR. 38400 i: 3% pint 800 - 1152 a. $32,879 b. $29,687 $36,143. d. $20,213. n. 48
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