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Solve using BA2 plus Q2) 3. You would like to save enough money to take a 2 year vacation in 15 years. Starting today, you make your first of 180 monthly deposits of $500 into an account that pays j12 =9%. a. One month after making your last deposit you take your first of 24

Solve using BA2 plus Q2) 3. You would like to save enough money to take a 2 year vacation in 15 years. Starting today, you make your first of 180 monthly deposits of $500 into an account that pays j12 =9%. a. One month after making your last deposit you take your first of 24

Essentials Of Investments
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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solve using BA2 plus calculator no formulas allowed

 

Solve using BA2 plus calculator functions no formulas allowed Q2) 3. You would like to save enough money to take a 2 year vacation in 15 years. Starting today, you make your first of 180 monthly deposits of $500 into an account that pays j12=9%. a. One month after making your last deposit you take your first of 24 monthly payments. Find the size of these payments. I b. Two months after making your last deposit you take your first of 24 monthly payments. Find the size of these payments.
Transcribed Image Text:Solve using BA2 plus calculator functions no formulas allowed Q2) 3. You would like to save enough money to take a 2 year vacation in 15 years. Starting today, you make your first of 180 monthly deposits of $500 into an account that pays j12=9%. a. One month after making your last deposit you take your first of 24 monthly payments. Find the size of these payments. I b. Two months after making your last deposit you take your first of 24 monthly payments. Find the size of these payments.
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