Question about Texas Instruments TI-83 Plus Calculator

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Press APPS, select the Finance app, and select the TVM Solver. Enter 7 for N, 8 for I%, -25000 for FV. Navigate to the PV line and press ALPHA ENTER to see the amount.

Posted on Mar 09, 2010

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Posted on Jan 02, 2017

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As per my understanding, you have Rs. 20 lakhs, out of which you want to invest Rs. 70K in fixed deposit. In such situation, you may be concerned whether you will be taxed or not.

Let me assure you that you may not come under the bridge of TDS as the earned interest will not be high.

TDS is deducted from the interest of an FD, if the earned interest exceeds the limit of Rs. 10K in one year. But, your principal amount is Rs. 70K, which you may invest at an interest rate of 7.80%. This will turn out to be Rs. 75K at the end of one year. So, an earning of Rs. 5K will not be taxed.

Even if, you get a higher rate of interest on fixed deposit, fortunately, you will still remain under the TDS bracket. So, you can easily proceed with your investment plan.

Let me assure you that you may not come under the bridge of TDS as the earned interest will not be high.

TDS is deducted from the interest of an FD, if the earned interest exceeds the limit of Rs. 10K in one year. But, your principal amount is Rs. 70K, which you may invest at an interest rate of 7.80%. This will turn out to be Rs. 75K at the end of one year. So, an earning of Rs. 5K will not be taxed.

Even if, you get a higher rate of interest on fixed deposit, fortunately, you will still remain under the TDS bracket. So, you can easily proceed with your investment plan.

Apr 05, 2017 | Finance

$15,000 at 3% and $6,000 at 7%.

If this is homework, be sure to show your work.

If this is homework, be sure to show your work.

Sep 06, 2014 | Office Equipment & Supplies

$3,750. If this is homework, make sure you show your work.

Sep 18, 2013 | Office Equipment & Supplies

$3,750. If this is homework, be sure to show your work.

Sep 18, 2013 | Office Equipment & Supplies

If you invest the money at the end of each year, you'll need to put away about 15,027.42 each year.

Sep 17, 2012 | Casio FX-300MS Calculator

Single interest is calculated on the 'original principle amount' only. Accumulated interest from prior periods is not used in calculations for the following periods.

Simple Interest = p * i * n

Where p = original principal amount (i.e. the amount that was borrowed, loaned, invested) i = interest rage for one period n = the number of periods

so in your example p = 8000 i = 12% (12/100 = 0.12) n = 2

=> simple interest = 8000 * .12 * 2 = 1920 => amount after 2 years = amount invested + simple interest = 8000+1920 = 9920

I hope this helps and good luck! If you have more questions - ask away!

Don.

Simple Interest = p * i * n

Where p = original principal amount (i.e. the amount that was borrowed, loaned, invested) i = interest rage for one period n = the number of periods

so in your example p = 8000 i = 12% (12/100 = 0.12) n = 2

=> simple interest = 8000 * .12 * 2 = 1920 => amount after 2 years = amount invested + simple interest = 8000+1920 = 9920

I hope this helps and good luck! If you have more questions - ask away!

Don.

Sep 08, 2011 | Computers & Internet

please clarify what the question is here?

Jul 15, 2010 | Computers & Internet

x=7

y=-1

y=-1

Jan 30, 2009 | Bagatrix Algebra Solved! 2005 (105101) for...

Try the FV function
**Syntax**

**FV**(**rate**,**nper**,**pmt**,pv,type)

Nov 03, 2007 | Computers & Internet

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