When Using a Financial Calculator, Which of the Following Is

question 31

Multiple Choice

When using a financial calculator, which of the following is a correct way to find the future value of $200 deposited today in an account for four years paying annual interest of 2% compounded quarterly?

• A) N=16, i=.005, PV=200, PMT=0, solve for FV
• B) N=4, i=.5, PV=200, PMT=0, solve for FV
• C) N=16, i=.5, PV=-200, PMT=0, solve for FV
• D) N=16, i=.03, FV=-200, PMT=0, solve for PV