Multiple Choice
Sarah invests $2700 today in an account that pays 6 percent interest compounded annually. She wants to know the total balance in her account five years from today. Identify the correct keystrokes to be used in a financial calculator to determine the total balance.
A) N = 6, I/Y = 5, PV = 2,700
B) N = 5, I/Y = 6%, PV = -2,700
C) N = 5, I/Y = 6%, PV = 2,700
D) N = 5, I/Y = 6, PV = 2,700
E) N = 5, I/Y = 6, PV = -2,700
Correct Answer:
Verified
Correct Answer:
Verified
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