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NEW QUESTION: 1
Kevin wants to retire a millionaire. If he is 45 years old today and already has $80,000 in the bank, what monthly deposit would he need to make beginning one month from today and continuing until he retires on his 65th birthday, if the money will earn 8% per year, compounded monthly?
A. $2,119.81
B. $1,028.58
C. $1,760.14
D. $407.81
E. $1,138.45
Answer: B
Explanation:
Explanation/Reference:
Explanation:
The total number of deposits will be 240 (20 years x 12 months/year). On the BAII Plus, press 240 N, 8 divide 12 = I/Y, 80000 PV, 1000000 +/- FV, CPT PMT. On the HP12C, press 240 n, 8 ENTER 12 divide i,
80000 PV, 1000000 CHS FV, PMT. Note that the answer will be displayed as a negative number. Make sure the BAII Plus has the P/Y value set to 1.
NEW QUESTION: 2
You have a folder of monthly transaction extracts.
You plan to create a report to analyze the transaction data.
You receive the following email message: "Hi. I've put 24 files of monthly transaction data onto the shared drive. File Transactions201901.csv through Transactions201912.csv have the latest set of columns, but files Transactions201801.csv to Transactions201812.csv have an older layout without the extra fields needed for analysis. Each file contains 10 to 50 transactions." You get data from the folder and select Combine & Load. The Combine Files dialog box is shown in the exhibit. (Click the Exhibit tab.)
For each of the following statements, select Yes if the statement is true. Otherwise, select No.
NOTE: Each correct selection is worth one point.
Answer:
Explanation:
NEW QUESTION: 3
Which of the following statements MOST correctly identifies the scope of design coordination activities?
A. Only changes that introduce new services are included
B. Any changes that would benefit the organization are included
C. All changes are mandated to be included
D. Only changes to business critical systems are included
Answer: B
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