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Question
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
Answer
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