TIME VALUE OF MONEY http://saxonpublishers.harcourtachieve.com/NR/rdonlyres/0B6921F8-1D9F-4D36-BAE7-52E1A7C133E1/0/SaxonMath_C3_GCA_Student_ACT21_ConsumerInterestL109.pdf
Above is a link to a breif descriptiop on how to use a tvm solver on a graphing caclulator.
These are the main points for the TVM solver in short from and the meanings.
N - total number of payment periods
I% - Annual interest rate
PV - Present value or principal
PMT - Payment amount
FV - Future value
P/Y - Number of payment periods per year
C/Y - Number of compounding periods per year
You start up the TVM Solver by pressing [2nd][FINANCE][1:TVMSolver]. A menu should appear that allows you to enter number or values for varibles like the ones above.
A = P*(1 + r / k)k*t this is the formula for compuund intrest.
refrence.
saxonpublishers.harcourtachieve.com
www.physicsforums.com
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