Using Technological Tools: Present Value of an Annuity - Knowledge Check Knowledge Check You need cash of $5,000 to be received each year for 4 years beginning one year from now to attend college. Your discount rate is 8% compounded annually. Indicate the inputs to be entered into the financial calculator keys. What is the present value of the amounts to be received? (Round present value answer to two decimal places (e.g., 52.75).) Inputs ? N/A Calculator Keys N T PV PMT FV Present value $
Using Technological Tools: Present Value of an Annuity - Knowledge Check Knowledge Check You need cash of $5,000 to be received each year for 4 years beginning one year from now to attend college. Your discount rate is 8% compounded annually. Indicate the inputs to be entered into the financial calculator keys. What is the present value of the amounts to be received? (Round present value answer to two decimal places (e.g., 52.75).) Inputs ? N/A Calculator Keys N T PV PMT FV Present value $
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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![Using Technological Tools: Present Value of an Annuity - Knowledge Check
Knowledge Check
You need cash of $5,000 to be received each year for 4 years beginning one year from now to attend college. Your discount rate is
8% compounded annually. Indicate the inputs to be entered into the financial calculator keys. What is the present value of the
amounts to be received? (Round present value answer to two decimal places (e.g., 52.75).)
Inputs
?
N/A
Calculator Keys
N
T
PV
PMT
FV
Present value
$](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F15bddcb0-eb5d-4879-8093-2a86bfad6830%2F2acdec8b-3cab-42d4-8f16-2513d47fa2c4%2Ff5dlyj8_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Using Technological Tools: Present Value of an Annuity - Knowledge Check
Knowledge Check
You need cash of $5,000 to be received each year for 4 years beginning one year from now to attend college. Your discount rate is
8% compounded annually. Indicate the inputs to be entered into the financial calculator keys. What is the present value of the
amounts to be received? (Round present value answer to two decimal places (e.g., 52.75).)
Inputs
?
N/A
Calculator Keys
N
T
PV
PMT
FV
Present value
$
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