Question

Please adhere to the rounding instructions provided in the problem. it will be incorrect otherwise. Thanks!

uestion 15 5 pts The Bluebird Company has a $15703 liability it must pay 3 years from today. The company is opening a savings

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Answer #1

Using financial calculator BA II Plus - Input details:

#

I/Y = Rate/Frequency =

                        2.700000

PMT =

$2,953.00

N = Number of years x frequency =

3

FV = Future Value =

-$15,703.00

CPT > PV = Present value = Value to be deposited today =

$6,095.47

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