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CHAPTER 6 - 41
Calculator Solutions
2.
Enter
8
5%
$5,200
N
I/Y
PV
PMT
FV
Solve for
$33,608.71
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
4.
Enter
15
6%
$6,100
N
I/Y
PV
PMT
FV
Solve for
$59,244.72
CHAPTER 6 - 43
7.
Enter
20
10.8%
$5,000
N
I/Y
PV
PMT
FV
Solve for
$313,736.00
Enter
18%
12
NOM
EFF
C/Y
Solve for
19.56%
CHAPTER 6 - 44
14.
Enter
13.2%
12
NOM
EFF
C/Y
Solve for
14.03%
Enter
20 365
6.7% / 365
$5,100
N
I/Y
PV
PMT
FV
Solve for
$19,474.73
18.
CHAPTER 6 - 45
19.
21.
Enter
1.7%
$16,000
$500
N
I/Y
PV
PMT
FV
Solve for
46.58
25.
Enter
10.00%
12
NOM
EFF
C/Y
Solve for
10.47%
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%
CHAPTER 6 - 47
32. Stock account:
Enter
360
10% / 12
$800
N
I/Y
PV
PMT
FV
Solve for
$1,808,390.34
33.
Enter
12
0.98%
$1
N
I/Y
PV
PMT
FV
Solve for
$1.12
CHAPTER 6 - 48
36.
Enter
2 × 12
10% /12
$75,000 / 12
N
I/Y
PV
PMT
FV
Solve for
$135,442.84
39.
Enter
20
10%
$7,500
N
I/Y
PV
PMT
FV
Solve for
$63,851.73
CHAPTER 6 - 49
Enter
360
5.85% / 12
$69,638.96
N
I/Y
PV
PMT
FV
Solve for
$401,039.60
CHAPTER 6 - 50
44.
45.
Enter
360
.80($3,400,000)
$17,500
N
I/Y
PV
PMT
FV
Solve for
0.556%
CHAPTER 6 - 51
48.
Enter
84
10% / 12
$1,750
N
I/Y
PV
PMT
FV
Solve for
$105,414.17
49.
Enter
13 × 12
7.5%/12
$1,500
N
I/Y
PV
PMT
FV
Solve for
$394,352.43
CHAPTER 6 - 52
53.
a.
CHAPTER 6 - 53
54. 2nd BGN 2nd SET
59.
CHAPTER 6 - 55
60.
62.
CHAPTER 6 - 56
65.
CHAPTER 6 - 57
67. Without fee:
CHAPTER 6 - 58
69.
75.
CHAPTER 6 - 59
