[Answered] TVM formulas provide answers for periodic rates (e.g., annual, quarterly, monthly, daily, etc.) and ...

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Author Question: TVM formulas provide answers for periodic rates (e.g., annual, quarterly, monthly, daily, etc.) and ... (Read 126 times)

storky111

Hero Member
Posts: 561

on: Jul 10, 2018

TVM formulas provide answers for periodic rates (e.g., annual, quarterly, monthly, daily, etc.) and the total number of periods over the length of the loan.

Indicate whether the statement is true or false.

Question 2

Jordan will need 20,000 at the end of 6 years to put a down payment on a house. What rate of return will he need to earn if he can invest 9,110 today?

A) 14.0
B) 13.0
C) 13.5
D) 14.5
E) 15.0

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Tonny

Sr. Member
Posts: 341

Reply #1 on: Jul 10, 2018

Answer to Question 1

Answer: TRUE

Answer to Question 2

A

storky111

Hero Member
Posts: 561

Reply #2 on: Jul 10, 2018

Tonny

Sr. Member
Posts: 341

Reply #3 on: Jul 10, 2018

Happy to Help

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