Question
In: Finance
Find the following values, using the equations, and then work the problems using a financial calculator...
Find the following values, using the equations, and then work the
problems using a financial calculator to check your answers,
Disregard rounding differences.
a. An initial $200 compounded for 1 year at 5.6%.
b. An initial $200 compounded for 2 years at 5.6%.
c. The present value of $200 due in 1 year at a discount rate
of 5.6%
d. The present value of $200 due in 2 years at a discount rate
of 5.6%.
Solutions
Expert Solution
a.
On financial calculator, Set, PV=200, N=1, I/Y=0.056 to Find FV
b.
On financial calculator, Set, PV=200, N=2, I/Y=0.056 to Find FV
c.
On financial calculator, Set, FV=200, N=1, I/Y=0.056 to Find PV
d.
On financial calculator, Set, FV=200, N=2, I/Y=0.056 to Find PV
Please refer to below spreadsheet for calculation and answer. Cell reference also provided.
Cell reference -
jeff jeffy answered 8 months agoRelated Solutions
Find the following values, using the equations, and then work the problems using a financial calculator...
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then work the problems using a financial calculator to check your
answers. Disregard rounding differences. (Hint: If you are
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without clearing the TVM register, you can "override" the variable
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using a financial calculator, you can enter the known values and
then press the appropriate key to find the unknown variable. Then,
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not round intermediate calculations. Round your answers to the
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a. An initial $600 compounded for 1 year at 6%.
b. An initial $600 compounded for 2 years at 6%.
c. The present value of $600 due in 1 year at a discount rate of
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$500 due in 2 years at a discount rate of 4%.
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