Please go to http://www.zenwealth.com/BusinessFinanceOnline/TVM/TVMExercise.html

On the screen you will see a Time Value of Money (TVM) calculator and a problems box next to it.

Now you are about to go through a nice set of exercises in designing and understanding simple time value problems.

Please click on the New Problem button, a problem must appear inside the box.

Solve the problem by entering the information in TVM calculator. And copy the problem and your solution together with the information you filled in the boxes. (You can use screen shots or simply copy your answer manually.)

Solve the same problem using the formulas from your textbook and obtain the same result, and clearly explain how you designed the problem.

Repeat the same thing (1 and 2 above) for three additional problems.

Take the time value quiz given on the same page, and answer all 10 questions and copy your score here. To get credit you need to do at least 7 out of 10, so make sure you obtain the desired score before you end this exercise.