Question: How to solve this problem by using finance calculatorBA II plus. How to input all the data and compute the result. please show the process
uture Value and Present Value on the Calculator Solve for FV - If we have 5,000 invested today @5% compounded monthly to buy a fishing boat when we retire in 10 years, how much can we spend? Solve for PV - To buy the boat we like - we expect to cost about $25K. How much will I need to invest today @5% compounded monthly to make up the difference when we retire in 10 years? Solve for N - To buy the boat we like - we expect to cost about $25K. If we invest $20K from the lottery winnings today @5% compounded monthly - how many years until I can go fishing? Solve for 1/Y Our cousin has a new venture - and says if we give him the $10K - we will have the $25K for the boat in 3 years! - What is the return he is promising
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