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NEW QUESTION: 1
Suppose you were given $10,000 today and deposited it into an account paying 10% per year, compounded monthly. If you know that you will need $5,000 in the account 5 years from now, what monthly withdrawal can you make from the account, beginning one month from now, that will leave the account with exactly $5,000 in it in 5 years?
A. $83.33
B. $147.90
C. $1,066.81
D. $140.04
E. $1,001.65
Answer: B
Explanation:
Explanation/Reference:
Explanation:
On the BAII Plus, press 60 N, 10 divide 12 = I/Y, 10000 PV, 5000 +/- FV, CPT PMT. On the HP12C, press
60 n, 10 ENTER 12 divide i, 10000 PV, 5000 CHS FV, PMT. Note that the answer is a negative number.
This is because it is a withdrawal from the account balance, just as the $5,000 is. Make sure the BAII Plus has the value of P/Y set to 1.

NEW QUESTION: 2
Which of the following is typically considered a health care benefit?
A. Defined benefit plan
B. Vision plan
C. Death benefits
D. Defined contribution plan
Answer: B

NEW QUESTION: 3
The contents of the raw data file SIZE are listed below:
--------10-------20-------30
72 95
The following SAS program is submitted:
data test;
infile 'size';
input @1 height 2. @4 weight 2; run;
Which one of the following is the value of the variable WEIGHT in the output data set?
A. . (missing numeric value)
B. 0
C. 1
D. 2
Answer: D