Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. can someone answer this equation using n, pmt, pv,

can someone answer this equation using N, PMT, PV, FV and I/Y and how to...

80.2K

Verified Solution

Question

Finance

can someone answer this equation using N, PMT, PV, FV and I/Y and how to input into calculator image

Eleanor has a large and growing collection of animated movies. She wants to replace her old television with a new LCD model, so she has started saving for it. At the end of each year, she deposits $800 in her bank account, which pays her 10% interest annually. Eleanor wants to keep saving fo 3 years and then buy the newest LCD model that is available. Eleanor's savings are an example of an annuity. How much money will Eleanor have to buy a new LCD TV at the end of 3 years, rounded to the nearest whole dollar? $2,913 $2,251 $2,648 $3,575 by the end of 3 If Eleanor deposits the money at the beginning of every year and everything else remains the same, she will save years

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Payback Period and NPV of Alternative Automobile Purchase WendyLi decided to purchase a new...

Accounting
Q

A 16.0 gram sample of propane gas (C3H8) is burned according to the equation C3H8(g) + 5O2(g)...

Chemistry
Q

1. At high noon, a sinusoidal electromagnetic wave is heading straight toward San Diego. At a...

Physics
Q

staybolts are most commonly used in ------ boilers.

Mechanical Engineering
Q

A thin, rectangular sheet of metal has mass M and sides of length a and b....

Physics
Q

Data Table Assume that Golden Valley's managers developed the following estimates concerning a planned expansion...

Accounting
Q

Federal Income Tax I Gross income amount may affect other deductions and/or tax credits....

Accounting
Q

Spring 20 Company is considering investing $600,000 in a land development project. The project is...

Accounting
Q

Budgeted Income Statement and Supporting Budgets The budget director of Birds of a Feather Inc.,...

Accounting
Q

Can the answer be determined from the given information, if so what is it? ...

Accounting
Q

La compra de un edificio con un pago inicial en efectivo y una promesa por...

Accounting
Q

- Jagdambay Exports Corporation has 10,000,000 shares outstanding and the company is about to issue...

Finance