Homework Answers
rate positively ..
| Ans 1 | We have to use financial calcuator to solve this | ||||
| Put in calculator | |||||
| FV | 25556 | ||||
| PMT | 0 | ||||
| I | 11% | ||||
| N | 6 | ||||
| compute PV | ($13,663.28) | ||||
| therefore answer = | $13,663.28 | ||||
| Ans 2 | We have to use financial calcuator to solve this | ||||
| Put in calculator | |||||
| FV | 25556 | ||||
| PV | 0 | ||||
| I | 11% | ||||
| N | 6 | ||||
| compute PMT | ($3,229.68) | ||||
| therefore answer = | $3,229.68 | ||||
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