You MUST use the TI BA II calculator features (N, I/Y, PV, PMT, FV) to solve questions whenever possible.
Show ALL your work even if you used a calculator.
don use this formula in any question- FV=PV(1+i)^N
QUESTION 1 : Vienna just paid $9,567.31 for an investment earning 5.26% compounded semi-annually that will mature for $25,000. What is the term of the investment.
QUESTION2: Bronco’s four-year investment just matured at $26,178.21. If the investment earned semi-annually compounded interest rates of 4.5% and 4.75% in the first two years, followed by monthly compounded interest rates of 5% and 5.1% in the last two years, how much money did Bronco initially invest
QUESTION3: In September 2004, Google employed 2,688 workers. Over the next two years, the number of employees grew at an average of 86.7843% per year. How many employees did Google have in September 2006
QUESTION4: A 21-month $6,779.99 promissory note bearing interest of 7.5% compounded monthly was sold on its date of issue to a finance company at a discount rate of 9.9% compounded monthly. Determine the proceeds of the sale
QUESTION5: Consider an investment of $225,000 earning 5% annually. How long could it sustain annual withdrawals of $20,000 (including the smaller final payment) starting immediately?
QUESTION6: The advertised month-end financing payments on a $28,757.72 car are $699 for a four-year term. What semi-annual and effective interest rate is being used in the calculation
QUESTION7: An investment fund has $7,500 in it today and is receiving contributions of $795 at the beginning of every quarter. If the fund can earn 3.8% compounded semi-annually for the first one-and-a-half years, followed by 4.35% compounded monthly for another one-and-three-quarter years, what will be the maturity value of the fund
QUESTION8: A $17,475 Toyota Matrix is advertised with month-end payments of $264.73 for six years. What monthly compounded rate of return (rounded to one decimal) is being charged on the vehicle financing?
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