Suppose that the following group of values was entered into the TVM Solver
of a graphing calculator: N=240; 1%-15.6; PV=75000; PMT=-1021.0001;
FV=0; P/Y=12; C/Y=12; PMT:END.
Also suppose that the "bal(" function was used as follows: bal(24).
Which of these expressions is equivalent to the
value returned by the "bal(" function?

Question

06-12-2022
Business

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Suppose that the following group of values was entered into the TVM Solver
of a graphing calculator: N=240; 1%-15.6; PV=75000; PMT=-1021.0001;
FV=0; P/Y=12; C/Y=12; PMT:END.
Also suppose that the "bal(" function was used as follows: bal(24).
Which of these expressions is equivalent to the
value returned by the "bal(" function?

Sagot :

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