April 16th, 2019, 06:54 PM  #1 
Member Joined: Jan 2019 From: tornto Posts: 48 Thanks: 0  Tvm solver?
Using the t183 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 
April 17th, 2019, 05:42 AM  #2 
Math Team Joined: Jul 2011 From: Texas Posts: 2,949 Thanks: 1555  
April 17th, 2019, 06:23 AM  #3 
Math Team Joined: Oct 2011 From: Ottawa Ontario, Canada Posts: 14,597 Thanks: 1038 
Are you asking how to use a "certain calculator", or how to develop financial formulas? 
April 17th, 2019, 06:34 PM  #4 
Member Joined: Jan 2019 From: tornto Posts: 48 Thanks: 0  
April 17th, 2019, 07:02 PM  #5 
Math Team Joined: Oct 2011 From: Ottawa Ontario, Canada Posts: 14,597 Thanks: 1038 
Well...good luck; if you want a clear answer, ask a clear question, preferably with a FULL example... 
April 18th, 2019, 11:23 AM  #6  
Math Team Joined: Jul 2011 From: Texas Posts: 2,949 Thanks: 1555  Quote:
I = interest rate PV = present value (0 in this case) PMT = payment amount (negative, because it's coming out of your pocket) FV = future value (what you are calculating) P/Y = number of payments per year C/Y = number of compounding periods per year  
April 19th, 2019, 01:22 PM  #7 
Member Joined: Jan 2019 From: tornto Posts: 48 Thanks: 0 
thanks skeeter thats what i want to know ... but why did you use in N 120 . I thought its 12 here what i did with tvm solver HERE IS MY TVM SOLVER ANSWER PLEASE CORRECT ME IF WRONG. PLEASE POINT WHERE IS THE ERROR https://imgur.com/a/wHxQgXW 
April 19th, 2019, 01:28 PM  #8 
Member Joined: Jan 2019 From: tornto Posts: 48 Thanks: 0  
April 19th, 2019, 01:32 PM  #9 
Math Team Joined: Jul 2011 From: Texas Posts: 2,949 Thanks: 1555  N is total number of payments ... should be 120 (10 years X 12 payments each year) PMT is payment amount ... should be 200 P/Y is payments per year ... should be 12 C/Y is compounding periods per year ... should be 12 if interest is compounded monthly 
April 19th, 2019, 01:53 PM  #10  
Member Joined: Jan 2019 From: tornto Posts: 48 Thanks: 0  Quote:
man you are the best thanks soooooooooooooooooo much The question states compounding period so it should be C/Y 1 right? i will solve the rest and post it to be checked again thanks much for your time. Last edited by yorkmanz; April 19th, 2019 at 02:00 PM.  

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