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NEW QUESTION: 1

A. Option A
B. Option D
C. Option C
D. Option B
Answer: D
Explanation:
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NEW QUESTION: 2
What quarterly payment would you have to make to pay off a $5,000 debt in 7 years, assuming the first payment is made 3 months from today and interest accrues at 6% per year, compounded quarterly?
A. $145.01
B. $72.96
C. $757.78
D. $220.01
E. $372.96
Answer: D
Explanation:
Explanation/Reference:
Explanation:
On the BAII Plus, press 28 N, 6 divide 4 = I/Y, 5000 PV, 0 FV, CPT PMT. On the HP12C, press 28 n, 6 ENTER 4 divide i, 5000 PV, 0 FV, PMT. Note that the answer will be displayed as a negative number.
Make sure the BAII Plus has the P/Y value set to 1. The value of "N" is set to 28 since there are 28 quarters in 7 years (7 x 4 = 28).

NEW QUESTION: 3

A. Option D
B. Option A
C. Option C
D. Option B
Answer: A