Business Finance Answers_Part_27

Business Finance Answers_Part_27 - CHAPTER 6 B-105 31 Enter...

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CHAPTER 6 B-105 31. Enter 6 1.50% / 12 $5,000 N I/Y PV PMT FV Solve for $5,037.62 Enter 6 18% / 12 $5,037.62 N I/Y PV PMT FV Solve for $5,508.35 $5,508.35 – 5,000 = $508.35 32. Stock account: Enter 360 11% / 12 $700 N I/Y PV PMT FV Solve for $1,963,163.82 Bond account: Enter 360 6% / 12 $300 N I/Y PV PMT FV Solve for $301,354.51 Savings at retirement = $1,963,163.82 + 301,354.51 = $2,264,518.33 Enter 300 9% / 12 $2,264,518.33 N I/Y PV PMT FV Solve for $19,003.76 33. Enter 12 1.17% $1 N I/Y PV PMT FV Solve for $1.15 Enter 24 1.17% $1 N I/Y PV PMT FV Solve for $1.32 34. Enter 480 12% / 12 $1,000,000 N I/Y PV PMT FV Solve for $85.00 Enter 360 12% / 12 $1,000,000 N I/Y PV PMT FV Solve for $286.13
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B-106 SOLUTIONS Enter 240 12% / 12 $1,000,000 N I/Y PV PMT FV Solve for $1,010.86 35. Enter 12 / 3 $1 $3 N I/Y PV PMT FV Solve for 31.61% 36. Enter 10.00% 12 NOM EFF C/Y Solve for 10.47% Enter 2 10.47% $95,000 N I/Y PV PMT FV Solve for $163,839.09 CF o $45,000 C01 $75,000 F01 2 I = 10.47% NPV CPT $165,723.94 39. Enter 15 10% $9,000 N I/Y PV PMT FV Solve for $68,454.72 Enter 15 5% $9,000 N I/Y PV PMT FV Solve for $93,426.92 Enter 15 15% $9,000 N I/Y PV PMT FV Solve for $52,626.33
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