Question: is there a way to solve this problem on a ti83/84 calculator? if so, please explain! 4) In 2000, the New York Mets released baseball

is there a way to solve this problem on a ti83/84 calculator? if so, please explain! is there a way to solve this problem on a ti83/84 calculator?

4) In 2000, the New York Mets released baseball player Bobby Bonilla. However, Bonilla's contract was for one more year and therefore one more year's salary. Instead of paying him in a lump sum, they agreed to defer paying him until 2011 with 25 annual payments of $1,193,248 (that is, payments from 2011 through 2035). At 8% Interest, what did the Mets owe Bonilla in 2000? A) $6.3 million B) $5.9 million C) $4.4 million D) $5.4 million E) $12.8 million Answer: B Explanation: A) B) Discount the PV of a 25 period annuity by 10 years: PV = 1,193,248/0.08(1-1/1.08 25/1.08-10 = $5,900,000

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