Lab6Probs - Lab 6 Problems Several of the choices in the...

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Lab 6 Problems Several of the choices in the list of multiple choices assume that the problem is being worked by using tables rather than a calculator. In AGEC 424 you are expected to use a calculator and you are expected to list your calculator inputs and outputs, which constitutes “showing your work.” So, some of your answers will be a little different than the key due to the rounding involved when using time value of money tables. Timelines and listing calculator inputs and outputs will be emphasized in lab. Multiple Choice Problems. 1. How much must be invested today to have $1,000 in two years if the interest rate is 5%?
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