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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!
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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Who's Been Here?
8 comments:
This tutorial will demonstrate how to use the financial functions to handle basic time value of money problems.The TVM solver on your calculator uses the following:
N = the number of cycles or periods = m*t
I% = the interest rate (in PERCENT, not decimal)
PV = present value
PMT = payment made each period
FV = future value
P/Y = payments per year = m
http://www.math.tamu.edu/~ljones/TVMSolver.pdf
To get the TVM solver, using a TI-83, press the 2nd key followed by the x−1 key. Press
enter to select 1:TVMSolver. Using a TI-83Plus or a TI-84, press the APPS key. Select
Finance. Press enter to select 1:TVMSolver.
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
Devon you forgot that C/Y = compoundings per year
To get the answer make sure to go to the line that you need to go to the line that you need the answer for, then press Alpha, then Enter
Steps
1.Turn on your calculator
2.Press “Apps”
3.Press “Finance”
4.Press “TVM Solver”
N = # of years.
I% = The % interest (or discount if you’re receiving money you) you are expecting.
PV = Initial Investment (this number should be negative if you are investing, as you’re giving your investing your money).
FV = Future value
PMT = Number of payments per period (period set below).
P/Y = Periods per year (should generally be one).
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.
Sample question
Question 1:
We want to invest $1000 today and want it to be $5000 10 years from now. What is the interest rate we need to accomplish this?
N = 10
I% = 0 (because we don’t know what the interest rate is)
PV = -1000 (negative 1000 because that’s how much we’re investing)
PMT = 0 (no additional payments being paid / period )
FV = 5000 (this is how much we want to have by the end of 10 years)
P/Y = 1
Next, press “Apps”, “Finance” and then from the list find “TVM_I%” and press it.
Your result should be 17.46%
the link to the web I went on is http://www.math.tamu.edu/~janice.epstein/141/review/FinanceReview.pdf
tsuth11 you spelt my name wrong its en.
The way i would do it is just go into your calculator and hit apps then enter twice ad plug in your numbers from the problem you are giving and to get the answer you are looking for make sure your cursor thinger is on the one your finding then hit enter
http://giddlebits.wordpress.com/2007/01/25/how-to-do-time-value-of-money-on-a-ti-83-plus/
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