Question

The following group of values was entered into the TVM solver on a graphing calculator

Answer 1

Based on the entries into the TVM solver, the expression that will return the same value for PV is $\frac{(620) (( 1 + 0.066)^{108} - 1) }{(0.066) (1 + (0.066))^{108}}$.

Which formula will give the same Present Value?

The formula for present value for this series of cashflows is:

= $\frac{(Payment) (( 1 + Interest rate)^{Number of years} - 1) }{(Periodic interest) (1 + (Periodic interest))^{Number of years}}$

Based on the P/Y and the C/Y being 12, the number of periods given in the graphing calculator will be the same in the formula, which is 108 periods.

The interest rate of 6.6% will also be the same in the formula.

The best option is therefore option B which has all these figures and so will give the same present value.

Find out more on present value at brainly.com/question/25792915.

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Answer 2

Answer: 0.0055 and 108

aka ($620) ((1+0.0055)^108 -1 / (0.0055) (1+0.0055)^108

Step-by-step explanation: Just did it, Good luck! :)