T.V.M solver

T.V.M solver is designed to help you solve problems that in valve money growing at a predetermined interest rate over a set amount of time.
To get to T.V.M Solver you go to apps then to financial then choose T.V.M Solver. Now that we can get their let’s get down to business. Here is an example. So you have $100 that you are going to invest at 10% a year for 5 years.

PV Present value $100

F/V future value

N is the number of years 5

I is the interest rate 10%

P/Y payments per year 1

C/P compound per year 1

Pmt amount of money invested per year 0

When you have all the data in you go down to FV (future value) and press alpha enter. That will give you the answer which should be $161.05.

hear is another example of how to solve for n:

Imagine that you have just retired, and that you have a nest egg of $1,000,000. This is the amount that you will be drawing down for the rest of your life. If you expect to earn 6% per year on average and withdraw $70,000 per year, how long will it take to burn through your nest egg (in other words, for how long can you afford to live)? Assume that your first withdrawal will occur one year from today (End Mode).

P/V=-1000000

F/V=0

N=

I%=6

P/Y=0

C/P=0

PTM=70000

Now you can go to N and and solve by pressing alpha enter and that should give u 33.39 witch is how long you Can live for off of the $1000000.

examples provided by: http://www.tvmcalcs.com/calculators/ti83/ti83_page1