Please provide instructions on how to solve B) on a financial calculator (N, I/Y, PMT, PV, FV). I never get the right answer (which 1743.43) when using my financial calculator. We are now Jan 1, 2009. Suppose that you plan to invest $500 at the beginning of each year starting from 2009 and for the coming 4 years and you expect to earn 10% per year. B) How much you need to deposit today to get the same results? (The result being $2552.55)
Please provide instructions on how to solve B) on a financial calculator (N, I/Y, PMT, PV, FV). I never get the right answer (which 1743.43) when using my financial calculator. We are now Jan 1, 2009. Suppose that you plan to invest $500 at the beginning of each year starting from 2009 and for the coming 4 years and you expect to earn 10% per year. B) How much you need to deposit today to get the same results? (The result being $2552.55)
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Please provide instructions on how to solve B) on a financial calculator (N, I/Y, PMT, PV, FV). I never get the right answer (which 1743.43) when using my financial calculator. We are now Jan 1, 2009. Suppose that you plan to invest $500 at the beginning of each year starting from 2009 and for the coming 4 years and you expect to earn 10% per year. B) How much you need to deposit today to get the same results? (The result being $2552.55)
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