Question: Please show me how to do it on calculator Suppose you expect to receive $100 in 2 years. What is the present value of this

Please show me how to do it on calculator Suppose you expect to receive $100 in 2 years. What is the present value of this cash flow if the APR is 10% compounded quarterly? Ans. $82.07 The balance on Joes credit card bill is $8,000. Payments are made monthly, but interest is compounded daily. The stated APR is 18%. Joe has since cut up this credit card and wishes to pay off the balance in 5 years. What should his monthly payment be to reach his goal? Ans. $203.67

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