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Thread: tvm solver

  1. #1
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    tvm solver

    Using the t1-83 plus TVM solver or similar tool. create complete tables like the following to see which option is the most effective investment. the choices are monthly payments of $200 at annual interest rate 5% for 10 years(option A). doubling the payments (option B). doubling the interest (option C) or having the payment/compounding periods take place twice as often (option D).


    STATE WHICH OF THESE OPTIONS IS THE BEST AND WHY IT IS THE MOST EFFECTIVE.


    https://imgur.com/a/UFjWYIx



    don't have the tvm solver any one can help


    thanks
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  2. #2
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    Re: tvm solver

    You should be able to download a free trial of the TI calculator. Or the equivalent Casio calculator fx9860G. Just google it.
    Thanks from topsquark
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  3. #3
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    Re: tvm solver

    The "calculator" used is of no importance.

    A "financial formula" is required for each of the 4 options.
    The present values (or future values) are compared.

    If you want to "see it in action", state each option IN DETAIL.
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  4. #4
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    Re: tvm solver

    Yes it can be done manually by using the compound interest formula.
    But the way the question is worded, it seems to be an exercise in tvm usage on a calculator.
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  5. #5
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    Re: tvm solver

    Thanks from Debsta and topsquark
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    Re: tvm solver

    Quote Originally Posted by Cervesa View Post
    entered the information but can't find the result button???
    sorry don't know how to use it


    can someone show how a sample results

    https://imgur.com/a/HdjQlDS

    Last edited by yorkmanz; Apr 17th 2019 at 07:14 PM.
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  7. #7
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    Re: tvm solver

    Your present value is 0, your payment is 200. Once you enter details about interest rate and time for each option, press the FV (future value) button.
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  8. #8
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    Re: tvm solver

    Quote Originally Posted by Debsta View Post
    Your present value is 0, your payment is 200. Once you enter details about interest rate and time for each option, press the FV (future value) button.
    okey i used another site and this is what i got
    let me know if its right

    thankz

    https://imgur.com/a/UceAtwJ
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  9. #9
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    Re: tvm solver

    YES...31056 is correct.
    But I don't understand why you're running around looking for calculators.

    Can't you use the standard formula in Toronto?

    f = a*[(1 + r)^n - 1] / r

    a = monthly deposit amount (200)
    n = number of monthly deposits (10*12 = 120)
    r = monthly interest rate (.05/12 = .004167)
    f = future value (?)

    f = 200*[(1 + .00417)^120 - 1] / .004167 = 31056
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  10. #10
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    Re: tvm solver

    thanks much

    because they want us to learn how to use calculators not formulas ... the calculator is expensive so i try to find a free website offer tvm solver.

    so how to calculate the total interest?

    thanks much
    Last edited by yorkmanz; Apr 18th 2019 at 08:17 PM.
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  11. #11
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    Re: tvm solver

    Quote Originally Posted by yorkmanz View Post
    so how to calculate the total interest?

    thanks much
    Why do you need total interest? Your original question was:
    Using the t1-83 plus TVM solver or similar tool. create complete tables like the following to see which option is the most effective investment. the choices are monthly payments of $200 at annual interest rate 5% for 10 years(option A). doubling the payments (option B). doubling the interest (option C) or having the payment/compounding periods take place twice as often (option D).
    You can just compare your future value to see which is most effective.

    To calculate total interest you need to subtract all your $200 payments (how many were there?) from the future value calculated. This difference is the total interest. (What else could it be?)
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  12. #12
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    Re: tvm solver

    here is my answers can someone correct if i am wrong

    thanks

    https://imgur.com/a/mmBujDP
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  13. #13
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    Re: tvm solver

    what type of annuity is this
    Is THIS CONSIDERED AS AN ordinary annuity or annuity due?

    Future Value:
    $31,185.86
    Total dep/pmts:
    $24,000.00
    Interest earned:
    $7,185.86

    THANKS
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  14. #14
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    Re: tvm solver

    Quote Originally Posted by yorkmanz View Post
    what type of annuity is this
    Is THIS CONSIDERED AS AN ordinary annuity or annuity due?

    Future Value:
    31,185.86
    Total dep/pmts:
    24,000.00
    Interest earned:
    7,185.86

    THANKS
    If 1st deposit at beginning of 1st period: annuity due.
    If 1st deposit at end of period: ordinary annuity.
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