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NEW QUESTION: 1
Refer to the exhibit.
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A. B
B. A
C. C
D. D
Answer: B

NEW QUESTION: 2
Which of the following is NOT the advantage of contract services?
A. Administration
B. Staffing
C. Control
D. Expertise
Answer: C

NEW QUESTION: 3
What semiannual deposit is needed to accumulate $8,000 in 5 years if the account pays 7% per year, compounded semiannually, assuming that the first deposit is made in 6 months and also assuming that the account already has $1,250 in it today?
A. $336.15
B. $531.63
C. $559.52
D. $677.44
E. $278.01
Answer: B
Explanation:
Explanation/Reference:
Explanation:
On the BAII Plus, press 10 N, 7 divide 2 = I/Y, 1250 PV, 8000 +/- FV, CPT PMT. On the HP12C, press 10 n, 7 ENTER 2 divide i, 1250 PV, 8000 CHS FV, PMT. Note that the answer this time is a positive number.
This means that the $531.63 is a deposit in addition to the $1,250 original deposit. The $5,000 is entered as a negative number, because the $1,250 and the $531.63 are deposits and the $8,000 is a withdrawal.
Make sure the BAII Plus has the value of P/Y set to 1.


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