Sarah Invests $2,700 Today in an Account That Pays 6

question 49

Multiple Choice

Sarah invests $2,700 today in an account that pays 6 percent interest compounded annually. She wants to know the total balance in her account five years from today. Identify the correct keystrokes to be used in a financial calculator to determine the total balance. 

• A)N = 6, I/Y = 5%, PV = 2,700
• B)N = 5, I/Y = 6%, FV = -2,700
• C)N = 5, I/Y = 6%, PV = 2,700
• D)N = 5, I/Y = 6%, FV = 2,700
• E)N = 5, I/Y = 6%, PV = -2,700

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