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NEW QUESTION: 1
What is the minimum number of years required for $1,000 invested at 7 % per annum to exceed
$ 1,200 invested at 6 % per annum?
A. 15.
B. 17.
C. 20.
Answer: C
Explanation:
If you use your calculator, you will have to do it by trial and error. Choose an arbitrary value for N, and work out the future value for both investments. If there is a discrepancy between the 2 values, you will have to amend your estimate. Let us choose N = 10.
Using Texas Instruments BA II Plus:
1 st Investment 1000 +- PV: 1,000.00 10 N: N = 10.00 7 I/Y: I/Y= 7.00 CPT FV: FV = 1967.15
2 nd Investment 1200 +- PV: 1,200.00 10 N: N = 10.00 6 I/Y: I/Y= 6.00 CPT FV: FV = 2149.02
The first investment is slower to increase. Try N=15 and see what happens. Continue until you hit upon the correct value = 20
Using Hewlett Packard hp 12 C:
Investment 1 f CLEAR FIN: 0.00000000 f CLEAR REG: 0.00000000 10 n: -10.00000000 7 i: 7.00000000
1 000 CHS PV: -1,000.000000 g END: -1,000.000000 FV: 1967,151357
Investment 2 f CLEAR FIN: 0.00000000 f CLEAR REG: 0.00000000 10 n: -10.00000000 6 i: 6.00000000
1 200 CHS PV: -1,200.000000 g END: -1,200.000000 FV: 2,149.017236
The first investment is slower to increase. Try N=15 and see what happen. Continue until you hit upon the correct value = 20.

NEW QUESTION: 2
Welche offene Periode wird im dritten Intervall der Variante Offene Buchungsperioden in der Finanzbuchhaltung geprüft?
Wähle die richtige Antwort.
A. Buchungen in Sonderperioden
B. Buchungen von CO nach Fl
C. Buchungen mit einer speziellen Berechtigungsgruppe
D. Buchungen an untergeordnete Hauptbuchhalter
Answer: B


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