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What formula will be found in cell D4 if the formula =SUM(A1:C1) is entered into cell D1 and then filled dow..?
1.) Using the compound interest formula A = P(1 + i)n, determine the future amount, to two decimal places, if an amount of $500 is invested at 8% per annum, compounded semi-annually, for 10 years. Fill in the blanks for the the following values. (do not put a $ sign).
P =
i =
n =
A =
2.) Determine the future value of an investment if $1800 is invested at 5.8% per annum, compounded quarterly, for 5 years.
~5558.86
~2400.57
~27 001.15
~3188.45
3.) To determine how much money you need to invest at 6% per annum, compounded semi- annually, for the investment to accumulate to $5500 in 4 years, which of the following would be the correct entries in you graphing calculator?
~N=8
I%=6
PV=?
PMT=0
FV=5500
P/Y=2
C/Y=1
PMT:END
~N=4
I%=6
PV=?
PMT=0
FV=5500
P/Y=2
C/Y=2
PMT:END
~N=8
I%=6
PV=5500
PMT=0
FV=
P/Y=2
C/Y=2
PMT:END
~N=8
I%=6
PV=?
PMT=0
FV=5500
P/Y=2
C/Y=2
PMT:END
4.) What formula will be found in cell D4 if the formula =SUM(A1:C1) is entered into cell D1 and then filled down to cell D4?
~ =SUM(A4:C4)
~ =SUM(A1:D4)
~ =SUM(C4:D4)
~ =SUM(A4:D4)