Here we have considered cash outflow as negative and inflow as positive
N=10*4=40
I/Y=8.5/4=2.125
PV=-0
PMT=-2500
CPT FV = $155,165.18
Please show your work: list out the N, I/Y, PV, PMT, and FV with correct signs....
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Rodney Cashman has been investing $2,000 quarterly for the past 18 years in an equity mutual fund. How much is the fund worth now assuming he has earned 11.5% compounded quarterly on his investment?
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Please verify using a financial calculator [N, I/TR, PMT, PV, FV] values ans explain any discrepancies _________________________ question: You have won the church spring raffle. You are presented with three price choices, and you must pick the best one. The discount rate if 8%. Choice 1 = $4,800 payment one year from now; Choice 2 = 5 payments of $1,200 starting at the end of this year; Choice 3 = $1,000 payment today and $4,500 at the end of year...
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