Question: Hello can someone pls explain how to do this questions in the financial calculator. I would apprecite u help. thanks a. The cost of a





a. The cost of a new automobile is $10,400. If the interest rate is 9%, how much would you have to set aside now to provide this sum in nine years? (Do not round intermediate calculations. Round your answer to 2 decimal places.) b. You hove to pay $14,000 a year in school fees at the end of eoch of the next ten years, If the interest rate is 12%, how much do you need to set aside today to cover these bills? (Do not round intermediate calculations. Aound your answer to 2 decimal places) c. You have invested $140,000 at 12%. After paying the above school fees, how much would remain at the end of the ten years? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Oid Time Sivings Bank pays 750% interest on its savings account. If you deposit $1,000 in the bank and leave it thore: a. How much interest will you earn in the first year? (Round your answer to 2 decimal places.) b. How much interest will you earn in the second year? (Do not round intermediate calculatiens, Aound your answer to 2 decimal places.) c. How much interest will you earn in the tenth year? (Do not round intermediate caiculations. Round your answer to 2 decimal places. As winner of a breakfast cereal competition, you can choose one of the following prizes: a. If the interest rate is 12%, find the PV for each of the prizes. (Do not round intermediate calculations. Round your answer to 2 decimal places.) b. Which is the most valuable prize? $250.000 now $195,000 at the end of five years. $18,900 a year forever. $26.500 for each of 10 years. The $49 millon lottery prize that you have just won actually pays out $6.5 malion a year for 20 years. The interest eate is 8.05. a. If the first poyment comes after 1 year, what is the present vilue of your winnings? (Do not rosind intermediate calculations. Enter your answer in millions rounded to 2 decimal places.) b. What is the present value if the first payment comes immedistely? (Do not round intermediate calculations. Enter your angwer in militans rounded to 2 decimal places.) Eiplenation a. PV=C=(1,fr)=(1,tr(1+r)211) PV=56.5 nition ((1/6.ab)=(1/[0.ea(1,68)2a]}) PV=$63,82 mittion b melion a. If the present value of $155 is $141, what is the discount factor? (Round your answer to 4 decimal places.) b. If that $155 is received in year 5 , what is the interest rate? (Do not round intermediate caiculations. Enter your answer as a percent rounded to 2 decimal places.) Explanation PV=CtDFtDFt=$141/$155DFt=0.9097 b. Ct=PV(1+r)t$155=5141(1+r)5 BAII Plus i3 TEXAS INSTRUMENTS BUSINESS ANALYST
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