MUST use the TI BA II calculator features (N, I/Y, PV, PMT, FV, AMORT) to solve questions whenever possible.6. On March 15, 2024, Ben bought a government-guaranteed sho term investment maturing in 181 days. How much did Ben pay for the investment if he will receive $10,000 when the investment matures, and interest is 2.06%?
MUST use the TI BA II calculator features (N, I/Y, PV, PMT, FV, AMORT) to solve questions whenever possible.6. On March 15, 2024, Ben bought a government-guaranteed sho term investment maturing in 181 days. How much did Ben pay for the investment if he will receive $10,000 when the investment matures, and interest is 2.06%?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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A6
Transcribed Image Text:MUST use the TI BA II calculator features (N, I/Y, PV, PMT, FV, AMORT) to solve questions whenever possible.6. On March 15, 2024, Ben bought a government-guaranteed short-
term investment maturing in 181 days. How much did Ben pay for the investment if he will receive $10,000 when the investment matures, and interest is 2.06%?
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