Question: I'm not sure how to calculate the present value when the interest is compounded annually. I am using the BA 2 Plus calculator. If you

I'm not sure how to calculate the present value when the interest is compounded annually. I am using the BA 2 Plus calculator. If you can explain how to solve this problem using the calculator I would appreciate it. I'm preparing for my exam so knowing how to do it on the calculator would be helpful. Thanks!

Your rstryear roommate has a startup and implores you to invest. They say they'll double your money by graduation. You have $5,000 burning a hole in your bank account, but had been considering the stock market as your 5-year investment plan {or shenanigans around the city). lfyour new roommate could double your money in 5 years, what interest rate would the stock market have to achieve to be equivalent, if we compounded quarterly? O 10.37% 0 9,44% 0 14.11% 0 14,50 0 14,87%

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