Question

Caden has an offer to buy an item with a sticker price of $7400 by paying

$190 a month for 48 months. Which of these groups of values plugged into
the TVM Solver of a graphing calculator will give him the correct answer for
the interest rate being offered?
O
A. N=4; 1% = ; PV=0; PMT=-7400; FV=190; P/Y=1: C/Y=12; PMT:END
0
B. N=4; 1% = ; PV=-7400; PMT=0; FV=190; P/Y=1; C/Y=12; PMTEND
0
C. N=4; 1% = ; PV=0; PMT=-7400; FV=9120; P/Y=1; C/Y=12; PMTEND
0
D. N=4; 1% = ; PV=-7400; PMT=0; FV=9120; P/Y=1; C/Y=12: PMT:END

Answer 1

Explanation:

B

Answer 2

Answer: D

Explanation:

N=4; 1% = ; PV=-7400; PMT=0; FV=9120; P/Y=1; C/Y=12: PMT:END