Gracie has an offer to buy an item with a sticker price of $5700 by paying $170 a month for 48 months. which of these groups of values plugged into the tvm solver of a graphing calculator will give her the correct answer for the interest rate being offered? a) n=4; i%=; pv=0; pmt=-5700; fv=8160; p/y=1; c/y=12; pmt: end
b) n=4; i%=; pv=0; pmt=-5700; fv=170; p/y=1; c/y=12; pmt: end
c) n=4; i%=; pv=-5700; pmt=0; fv=170; p/y=1; c/y=12; pmt: end
d) n=4; i%=; pv=-5700; pmt=0; fv=8160; p/y=1; c/y=12; pmt: end

The right answer is option (D).

Explanation:

According to the scenerio, the given data of the item for TVM solver is:

Number of years ( N ) = 48 months = 4 years

Present value ( PV ) = $5700

Current payments ( PMT ) = $0

Future value ( FV ) = $170 × 48 months = $8160

Mode = END

Compounding = Monthly = 12

Hence, the most appropriate answer is option (D).

C

Explanation:

A foreign direct investment is a form of controlling ownership/investment in a business in one country's by an entity based in another country. This is to show that since the Saudi business man is making an investment in the form of buying $10 Million stock from IBM it shows that he is expanding the operation of IBM in another country rather than his.