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5 pts Bill paid $10,000 (at.CFO) for an investment that promises to pay $750 at the end of each of the next 5 years, then an
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rate positively ..

Ans 13
We have to use financial calculator
Put in calculator -
PMT 750
FV 14450
PV -10000
N 5
compute I 14.20%
therefore answer = 14.20%
Ans 14 We have to use financial calculator
Put in calculator -
FV 0
PV -185000
N 30*12 360
I 5.25%/12 0.4375%
compute PMT $1,021.58
therefore answer = $1,021.58
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