Suggested website: https://www.in2013dollars.com/time-value-of-money

There are many online sites that offer free use of a financial calculator (which is a LOT easier than the formulas introduced and used in the textbook!). One particularly good website/resource is noted above, but you may use any of your choosing.

Identify one (1) way that you can use a financial calculator to help with decision making on a personal level AND one (1) way that you can use a financial calculator to help with decision making on a professional level. For each situation you identify, share:

1. What is the question you are answering (or problem you are solving)?
2. What is the "variable" you must solve for using the financial calculator?
3. What is the answer/solution?
4. How does this information assist with decision making?