Question about Texas Instruments TI-83 Plus Calculator
How long will it take Wendy's $4000 investment, compounded at 5% annual interest, to earn an additional $2000
Press APPS and select the Finance app. Select the TVM Solver.
Enter -4000 for PV, 0 for PMT, 6000 for FV. Be sure you use the (-) key for PV, not the - key. P/V and C/Y should both be 1 and PMT should be END.
If you want 5% annual interest compounded month, enter 5/12 for I%. If you simply want 5% annual interest, enter 5 for I%. Go to N and press ALPHA ENTER to see the number of periods (months or years according to what you entered earlier in this paragraph).
Posted on Mar 09, 2010
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Posted on Jan 02, 2017
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