Welcome to Test Your Skill!

Question 1:

If you purchase a lot today for $ 9379, how much would the lot be worth if it is expected to increase in value at an annual rate of 6%, compounded semiannually, until you choose to sell it 18 years from now?

  1. Which key should you push to solve the problem? (Which key indicates the unknown?)

  2. After pushing 2 and the cream colored key key, which key should you push to tell the calculator that there is semi-annual compounding?

  3. After you push 9379, which key should you push?

  4. After you push 18 and the cream colored key , which key should you push for the number of years?

  5. After pushing 6, which key should you push to indicate that the 6 is an interest rate per year?

Are you ready to move on to question 2?

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