CHAPTER 6 – 41
Calculator Solutions
2.
Enter
8
5%
$5,200
N
I/Y
PV
PMT
FV
Solve for
$33,608.71
Enter
5
5%
$7,300
N
I/Y
PV
PMT
FV
Solve for
$31,605.18
Enter
8
$5,200
N
I/Y
PV
PMT
FV
Solve for
$23,334.07
Enter
5
$7,300
N
I/Y
PV
PMT
FV
Solve for
$24,470.73
3.
Enter
3
8%
$1,375
N
I/Y
PV
PMT
FV
Solve for
Enter
Solve for
Enter
Solve for
CHAPTER 6 – 42
Enter
1
11%
$1,580
N
I/Y
PV
PMT
FV
Solve for
$1,753.80
FV = $1,880.49 + 1,841.99 + 1,753.80 + 1,630 = $7,106.28
Enter
Solve for
Enter
Solve for
Enter
Solve for
4.
Enter
15
6%
$6,100
N
I/Y
PV
PMT
FV
Solve for
$59,244.72
Enter
40
6%
$6,100
N
I/Y
PV
PMT
FV
Solve for
$91,782.41
Enter
75
6%
$6,100
N
I/Y
PV
PMT
FV
Solve for
Enter
3
11%
$1,375
N
I/Y
PV
PMT
FV
Solve for
$1,880.49
Enter
2
11%
$1,495
N
I/Y
PV
PMT
FV
Solve for
$1,841.99
CHAPTER 6 – 43
7.
Enter
20
10.8%
$5,000
N
I/Y
PV
PMT
FV
Solve for
$313,736.00
Enter
N
I/Y
PV
PMT
FV
Solve for
8.
Enter
N
I/Y
PV
PMT
FV
Solve for
9.
Enter
5
N
I/Y
PV
PMT
FV
Solve for
12.
Enter
NOM
EFF
C/Y
Solve for
9.31%
Enter
18%
12
NOM
EFF
C/Y
Solve for
19.56%
Enter
14%
Solve for
13.
Enter
Solve for
Enter
15
6.25%
$45,000
N
I/Y
PV
PMT
FV
Solve for
6.
Enter
$68,000
N
I/Y
PV
PMT
FV
Solve for
CHAPTER 6 – 44
14.
Enter
13.2%
12
NOM
EFF
C/Y
Solve for
14.03%
Enter
13.5%
Solve for
13.96%
15.
Enter
Solve for
16.
Enter
Solve for
17.
Enter
6.7% / 365
$5,100
Solve for
$7,129.28
Enter
10 365
6.7% / 365
$5,100
N
I/Y
PV
PMT
FV
Solve for
Enter
20 365
6.7% / 365
$5,100
N
I/Y
PV
PMT
FV
Solve for
$19,474.73
18.
Enter
10 365
N
I/Y
PV
PMT
FV
Solve for
Solve for
Enter
52
NOM
EFF
C/Y
Solve for
9.63%
CHAPTER 6 – 45
19.
21.
Enter
1.7%
$16,000
$500
N
I/Y
PV
PMT
FV
Solve for
46.58
22.
Enter
NOM
EFF
Solve for
23.
Enter
15.65%
12
NOM
EFF
C/Y
Solve for
16.83%
24.
Enter
N
I/Y
PV
PMT
FV
Solve for
25.
Enter
10.00%
12
NOM
EFF
C/Y
Solve for
10.47%
Enter
N
I/Y
PV
PMT
FV
Solve for
26.
Enter
N
I/Y
PV
PMT
FV
Enter
324%
12
NOM
EFF
C/Y
Solve for
20.
Enter
$83,500
N
I/Y
PV
PMT
FV
Solve for
Enter
12
NOM
EFF
C/Y
Solve for
CHAPTER 6 – 46
27.
Enter
9%
4
NOM
EFF
C/Y
Solve for
9.31%
30.
Enter
14%
2
NOM
EFF
C/Y
Solve for
13.54%
13.54% / 2 = 6.77%
Enter
14%
4
NOM
EFF
C/Y
Solve for
Enter
14%
NOM
EFF
C/Y
Solve for
13.17%
$0
$830
1
$910
1
$0
1
$1,500
1
I = 9.31%
NPV CPT
$2,571.63
$0
$2,480
1
$0
1
$3,920
1
$2,170
1
I = 7.38%
NPV CPT
$7,107.76
CHAPTER 6 – 47
32. Stock account:
Enter
360
10% / 12
$800
N
I/Y
PV
PMT
FV
Solve for
$1,808,390.34
Enter
Solve for
Enter
N
I/Y
PV
PMT
FV
Solve for
33.
Enter
12
0.98%
$1
N
I/Y
PV
PMT
FV
Solve for
$1.12
Enter
24
0.98%
$1
N
I/Y
PV
PMT
FV
Solve for
$1.26
34.
Enter
Solve for
Enter
Solve for
Enter
N
I/Y
PV
PMT
FV
Solve for
Enter
17% / 12
N
I/Y
PV
PMT
FV
Solve for
CHAPTER 6 – 48
36.
Enter
2 × 12
10% /12
$75,000 / 12
N
I/Y
PV
PMT
FV
Solve for
$135,442.84
Enter
2 × 12
10% /12
$64,000 / 12
N
I/Y
PV
PMT
FV
Solve for
$115,577.89
39.
Enter
20
10%
$7,500
N
I/Y
PV
PMT
FV
Solve for
$63,851.73
Enter
20
$7,500
N
I/Y
PV
PMT
FV
Solve for
Enter
20
15%
$7,500
N
I/Y
PV
PMT
FV
Solve for
40.
N
I/Y
PV
PMT
FV
Solve for
Enter
N
I/Y
PV
PMT
FV
Solve for
35.
N
I/Y
PV
PMT
FV
Solve for
CHAPTER 6 – 49
Enter
360
5.85% / 12
$69,638.96
N
I/Y
PV
PMT
FV
Solve for
$401,039.60
43.
Enter
Solve for
Solve for
Enter
360
5.85% / 12
Solve for
CHAPTER 6 – 50
44.
45.
Enter
360
.80($3,400,000)
$17,500
N
I/Y
PV
PMT
FV
Solve for
0.556%
Enter
Solve for
46.
Enter
Solve for
N
I/Y
PV
PMT
FV
Solve for
CHAPTER 6 – 51
48.
Enter
84
10% / 12
$1,750
N
I/Y
PV
PMT
FV
Solve for
$105,414.17
Enter
N
I/Y
PV
PMT
FV
Solve for
$133,166.63
Enter
N
I/Y
PV
PMT
FV
Solve for
49.
Enter
13 × 12
7.5%/12
$1,500
N
I/Y
PV
PMT
FV
Solve for
$394,352.43
Enter
N
I/Y
PV
PMT
FV
Solve for
N
I/Y
PV
PMT
FV
Solve for
Enter
Solve for
Enter
15
$4,000
N
I/Y
PV
PMT
FV
Solve for
Enter
N
I/Y
PV
PMT
FV
Solve for
CHAPTER 6 – 52
53.
a.
Solve for
Solve for
Enter
Solve for
Enter
Solve for
Enter
Solve for
Enter
Solve for
CHAPTER 6 – 53
54. 2nd BGN 2nd SET
59.
Enter
Solve for
Enter
Solve for
Enter
Solve for
CHAPTER 6 – 55
60.
62.
Solve for
63.
Solve for
Solve for
61.
CHAPTER 6 – 56
65.
Solve for
Enter
Solve for
Enter
Solve for
Enter
Solve for
Enter
Solve for
Enter
Enter
Solve for
CHAPTER 6 – 57
67. Without fee:
CHAPTER 6 – 58
69.
Solve for
Solve for
$30,000
IRR CPT
75.
Solve for
Solve for
Enter
Solve for
Solve for
CHAPTER 6 – 59
