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jeyben [28]
3 years ago
5

Melissa invests $37,000 today in a savings account that pays 4 percent interest compounded annually. She wants to know the total

balance in her account seven years from today. Identify the correct keystrokes to be used in a financial calculator to determine the total balance.
a. N = 7, I/Y = 4, PV = -37,000
b. N = 7, I/Y = 4%, PV = -37,000
c. N = 7, I/Y = 4, PV = 37,000
d. N = 7, I/Y = 4%, PV = 37,000
Business
1 answer:
yulyashka [42]3 years ago
6 0

Answer:

c. N = 7, I/Y = 4, PV = 37,000

Explanation:

In financial Calculator the following key wii be pressed to calculate the the balance of the account (Future value)

For the number of year enter N = 7

Interest per year enter I/Y = 4

For present value enter PV = 37,000

This will calculate Malissa's account balance after 7 years which is $48,689.

So the correct answer is c. N = 7, I/Y = 4, PV = 37,000.

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I think the answer is 204 million

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The ________ adopted an elaborate form of interest arbitration, known as the Experimental Negotiating Agreement, in the 1970s as
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4 0
2 years ago
Helena Fogarty, the CEO and founder of Mi Ola, states "You have to make decisions….Blowing it is waiting too long to have things
ollegr [7]

Answer:

The Answer is D: Nominal group technique

Explanation:

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4 0
3 years ago
You have $7,800 to deposit. Regency Bank offers 6 percent per year compounded monthly (.5 percent per month), while King Bank of
hammer [34]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

PV= $7,800

Regency Bank:

i= 0.5 percent per month

n= 19*12= 228

King Bank:

i= 6 percent annually

n=19

To calculate the final value of each bank we need to use the following formula:

FV= PV*(1+i)^n

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King bank:

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6 0
3 years ago
bought 2,000 shares of Print Company stock for $12,780. She sold the stock for $7 per share and paid a sales commission of $26.
Svetach [21]

Answer:

$1,194

Explanation:

The buying price of the shares was  $12,780

The selling price was $7 dollars for each.

The total amount realized is 2000 share  x $ 7

=$14,000

The commission paid is $26

Net amount obtained is $14,000 -$26

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Profit will be $13,974 -$12,780

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6 0
3 years ago
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