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This blog is being created by Grade 11 students at the SVRSS right now! Post often, read often, comment often, and the enjoy the experience of assisting your peers with successful learning!
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7 comments:
How to do TVM on a Ti-83 Plus
Firstly, get familiar with the following process:
1.Turn on your calculator
2.Press “Apps”
3.Press “Finance”
4.Press “TVM Solver”
The TVM Solver is the place where you will always be going to to enter in the values for your calculation. That said, you will see the following variables when you go to the TVM Solver.
N = # of years.
I% = The % interest
PV = Initial amount
FV = Future value
PMT = Number of payments per period
P/Y = Periods per year
BEGIN = You should have your Ti-83 be on “END” by default, but you will want to change it to begin when dealing with annuity due.
END = You want to have this set when dealing with ordinary annuity.
After you put the numbers in you go to the one unsolved number and press ALPHA, ENTER you will get the final answer
Refference: http://giddlebits.wordpress.com/2007/01/25/how-to-do-time-value-of-money-on-a-ti-83-plus/
TVMSolver.
Using a TI-83 Plus
1. Press the APPS key.
2. Select Finance.
3. Press enter to select number 1: TVMSolver.
N stands for the total number of times you compound
I% is the interest rate as a percent,
PV stands for present value
PMT stands for the payment amount
FV stands for the future value and the number must have the opposite sign of the number
P=Y stands for number of payments per year
C=Y is the number of times you compound in a year.
The last line represents whether the payments are made at the end of the month or at the beginning.
4. After entering all the ther values, go on top if the line that you didn’t fill out
5. Press alpha (the green key)
6. Then the enter key.
The space that you didn’t know will quickly change into the correct answer.
To solve with the TVM you must go to Apps/Finance/Then TVM Solver. First you must set your N to how ever many months there are. Next, I will be set to what ever the interest amount is. PVT should be the amount that you are depositing. PMT will be the payments that are made after the initial deposit. P/Y should be set to payments per year. C/Y is the number of compound per year. PVT and PMT should both be as negatives, due to the fact that they are coming out of your pocket. If you do all of these steps properly then you should be able to solve for the amount of money made at the end of the wanted period. I found this information at:
http://www.math.neu.edu/~frampton/U130/tvmsolver.pdf
Jest fill in the spots with your information after you press APPS, ENTER, ENTER.
The abbreviations of the TVM solver simply mean…
N = Total number of payment periods
I% = Annual interest rate
PV = Present Value
FV = Future Value
P/Y = Number of payments per year
C/Y = Number of compounding periods per year
Once it is all filled in go to the bottom and press end then move your cursor to the top press alpha, and enter
You can use this solver to figure out loans and money like annual interest rate, total number of payment periods and ammounts.
N stands for the total number oftimes you compound (for example, if the interest is com-
pounded quarterly for ten years, N = 4_ 10 = 40),
I% is the interest rate as a percent,
PV stands for present value (what something is worth right now),
PMT stands for the payment amount (mortgage payments, monthly deposits, etc.),
FV stands for the future value and the number must have the opposite sign of the number
for PV ,
P=Y stands for number of payments per year, and
C=Y is the number of times you compound in a year.
The last line represents whether the payments are made at the end of the month or at the
beginning. Unless otherwise stated, assume the end of the month.
We are solving for FV, you can temporarily enter 0 for the FV or leave whatever number is there. The other values are:
N = 5
I% = 3
PV = −1000
PMT = 0
FV = alpha enter
P=Y = 4
C=Y = 4
PMT: END BEGIN
After entering all the other values, on the line for FV , press alpha (the green key) followed
by the enter key.
FV = 1161:18
We can solve for N, I%, PV , PMT, and FV . Which ever one you want to solve for, go to
that line and press alpha (the green key) followed by the enter key. Remember that the
number you enter for PV has to have the opposite sign as the number for
www.math.tamu.edu/~ljones/TVMSolver.pdf is my Reference for mine
TI 83 and TI 83 Plus Tutorial
By default the TI 83 displays only two decimal places. To change the display, press the Mode
key, then the down arrow key to the Float line. Next, use the right arrow key to highlight the
number of decimal places desired (4 is a good choice) and press Enter. Finally, press 2nd and
Quit to exit the menu.
Before entering data for any type of financial problem, you must go to the finance functions
page. For the TI-83, press 2nd then FINANCE. On the TI 83 Plus, press the Apps button, and
then choose the Finance menu.
To solve a lump sum or annuity problem you choose 1: TVM Solver from the finance function
menu. (Either highlight 1:TVM Solver and then press Enter, or just enter 1.) You will now see
in your screen a series of items you are able to enter (N, I%, PV, PMT, FV, P/Y, C/Y). All lump
sum and annuity problems require that you enter the data given by using the arrow keys to place
the cursor next to the items you know and typing the value. Make sure all items that are not used
in the problem are set equal to zero. After entering the data you are given, move the cursor to the
item you wish to solve and press Alpha and then Enter.
NOTES:
(1) The calculators by default treat PV as a negative number (cash outflow). Therefore, it is
a good idea to enter all PV’s as negative numbers. On theses calculators you enter a
negative number by first pressing the sign change key “(-)” and entering the number
value.)
(2) Make sure the values for P/Y and C/Y are set equal to 1.
EXAMPLES:
(A) calculate PV
What is the present value of $2000 received 10 years from now if the interest rate you could have
received is 7%?
First enter the information that is given.
N = 10
I% = 7
PV =
PMT = 0
FV = 2000
To solve the problem, place the cursor beside PV and press Alpha and then solve.
Answer: $1016.70 (The answer will appear with a negative sign.)
I got this from http://www.westga.edu/~rbest/finc3511/calculator/ti83.pdf
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