# Moving Money through Time.docx - Moving Money through Time...

• 3

Course Hero uses AI to attempt to automatically extract content from documents to surface to you and others so you can study better, e.g., in search results, to enrich docs, and more. This preview shows page 1 - 2 out of 3 pages.

Moving Money through TimeLearning objectives:introduce the financial calculator and show how money accumulates over time. Ifyou do not have a financial calculator, a link to the appropriate online financial calculator is provided foreach problem.In your own words, explain what the following calculator commands mean (pages 17-20):N:The calculator command N represents the number of periods, or in other words payments, in anequation.I/Y:The calculator command I/Y represents the interest rate in an equation.PV:The calculator command PV stands for present value and represents the current amount of moneyin an equation.PMT:The calculator command PMT represents the amount of money paid during each period.FV:The calculator command FV stands for future value and represents the expected value of moneythat will end coming out of an equation.The next several problems have space for your calculator inputs so that you can get partial credit. Also,

Course Hero member to access this document

Course Hero member to access this document

End of preview. Want to read all 3 pages?