vv-11 - Examples(car buying[watch the signs Effective...

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Chapter 5 TVM B&H Time lines to introduce FV = PV * (1+r) n PV = FV/(1+r) n Calculator button: 3 solve 4 : FV, PV, n i/y Examples (lottery) Annuities – don’t need to know formula Calculator button: 4 solve 5 : Same 4 buttons above plus PMT
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Unformatted text preview: Examples (car buying) [watch the signs] Effective yield (APY) : EY = (1 + i/m) m-1 TVM (PV =100, solve for FV) Annuities Due and beginning mode [pg 5-14, $40 over period 4 on the time lines] Personal applications of TVM...
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