Following the instructions laid out in this video, practice calculating the following TVM variables using these inputs:
Question:
Following the instructions laid out in this video, practice calculating the following TVM variables using these inputs:
Find a Future Value (FV): Calculate FV when
PV = -1,000, N = 5, I/Y = 4, and PMT = 0.
Find a Present Value (PV): Calculate PV when
FV = 2,000, N = 7, I/Y = 5, and PMT = 0.
Find the Number of Periods (N) when
FV = 5,000, PV = -3,000, I/Y = 3, and PMT = 0.
Find the Interest Rate (I/Y) when
FV = 6,000, PV = -1,500, N = 10, and PMT = 2.
Find the Payment (PMT) when
FV = 15,000, PV = -8,000, N = 12, and I/Y = 4.
Continue to practice using a financial calculator to solve various time value of money problems using different input factors until you feel comfortable with the process of using a calculator to solve TVM problems.
Step by Step Answer: