Investment Account Analysis

The video tutorial explains how to calculate the future value of an investment using the TI-84 TVM solver. It covers an investment scenario where $160 is deposited monthly for 8 years at a 5% interest rate, compounded monthly. After 8 years, deposits stop, and the balance is left to grow for another 10 years. The tutorial demonstrates using the TVM solver to find the account balance after 8 and 18 years and calculates the total interest earned over the period.

What is the monthly deposit amount in the investment scenario?

• $250

• $160

• $100

• $200

How many years are the monthly deposits made into the account?

• 5 years

• 8 years

• 12 years

• 10 years

What is the interest rate applied to the account?

• 3%

• 6%

• 4%

• 5%

What is the future value of the account after 8 years of deposits?

• $18,838.48

• $8,838.48

• $28,838.48

• $38,838.48

What happens to the account after the first 8 years?

• The account is closed

• Deposits stop and the balance earns interest

• The interest rate is increased

• Deposits continue for another 10 years

How many compounding periods are there in the second phase of the investment?

• 144

• 120

• 96

• 100

What is the account balance after 18 years?

• $51,027.16

• $31,027.16

• $21,027.16

• $41,027.16

How is the total interest earned calculated?

• By dividing the final balance by the number of years

• By multiplying the final balance by the interest rate

• By adding the total deposits to the final balance

• By subtracting the total deposits from the final balance

What is the total interest earned over the 18 years?

• $20,667.16

• $5,667.16

• $15,667.16

• $10,667.16

What is the total amount deposited over the 8 years?

• $15,360

• $16,000

• $12,800

• $18,000