Question about Texas Instruments TI-83 Plus Calculator

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. How much would you have to invest now at 8% interest to have $25,000 at the end of 7 years?

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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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Fixed Deposit for Investment


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.

Apr 05, 2017 | Finance

1 Answer

Math word problem solver


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

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

Sep 06, 2014 | Office Equipment & Supplies

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8000 invested at 12% single interest.what is the amount at the end of 2 years


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.

Sep 08, 2011 | Computers & Internet

1 Answer

Need your help


Try the FV function Syntax
FV(rate,nper,pmt,pv,type)

Nov 03, 2007 | Computers & Internet

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