Future Value Calculation Using TI-84 TVM Solver

This video tutorial explains how to calculate the future value of an account with compounded interest using the TI-84 TVM solver. It covers two examples: one with annual compounding and another with monthly compounding. The tutorial provides step-by-step instructions on entering values into the calculator and solving for future value, demonstrating the process for different time periods and interest rates.

What is the primary tool used in this lesson to calculate future value?

• Online Calculator

• Financial Software

• TI-84 TVM Solver

• Excel Spreadsheet

In the first example, what is the interest rate used for the calculation?

• 6%

• 5%

• 7%

• 8%

How many times is the interest compounded annually in the first example?

• Monthly

• Quarterly

• Twice

• Once

In the second example, what is the initial deposit amount?

• $2,000

• $3,500

• $2,500

• $3,000

What is the annual interest rate in the second example?

• 6.0%

• 5.5%

• 5.0%

• 4.5%

How many times is the interest compounded monthly in the second example?

• 24

• 12

• 36

• 6

What is the future value of the account after one year in the second example?

• $2,641.02

• $2,700.00

• $2,750.50

• $2,800.00

After two years, what is the account balance in the second example?

• $2,789.99

• $2,899.99

• $2,999.99

• $3,099.99

What is the future value of the account after five years in the second example?

• $3,389.26

• $3,489.26

• $3,289.26

• $3,189.26

What is the main purpose of using the TI-84 TVM solver in this lesson?

• To calculate present value

• To determine future value

• To find interest rate

• To compute loan payments