jordynthornton
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Which of these groups of values plugged into the TVM Solver of a graphing
calculator will return the same value for PV as the expression
($415)((1 +0.003)24 – 1)?
(0.003)(1 +0.003)24

Which Of These Groups Of Values Plugged Into The TVM Solver Of A Graphing Calculator Will Return The Same Value For PV As The Expression 4151 000324 1 00031 000 class=

Sagot :

The TVM solver is a tool found in graphing calculators, that solve Time

Value of Money problems.

  • The group of values that will return the same value as the given expression is; D. N = 24; I% = 3.6; PV =; PMT = -415; FV = 0; P/Y = 12; C/Y = 12; PMT :END

Reasons:

In the TVM solver, we have;

I = The annual percentage rate

N = n × t

t = The number of years

PV = Present value

PMT = Payment

P/Y = Number of payments per year = n

C/Y = Number of compounding periods per year = n

The formula for monthly payment is presented as follows;

[tex]M = \mathbf{\dfrac{P \cdot \left(\dfrac{r}{n} \right) \cdot \left(1+\dfrac{r}{n} \right)^{n \times t} }{\left(1+\dfrac{r}{n} \right)^{n \times t} - 1}}[/tex]

Which gives;

[tex]P = \mathbf{\displaystyle \frac{M\cdot \left(\left(1+\dfrac{r}{n} \right)^{n \times t} - 1 \right) }{\left(\dfrac{r}{n} \right) \cdot \left(1+\dfrac{r}{n} \right)^{n \times t}}}[/tex]

Therefore, we get;

Where;

M = PMT = -415

P = PV

r = I

P/Y = n = 12

Therefore;

[tex]\displaystyle 0.003 = \frac{I}{12}[/tex]

I = 0.003 × 12 = 0.036 = 3.6%

N = n × t = 24

[tex]P = \displaystyle \frac{(415)\cdot \left(\left(1+\dfrac{I}{12} \right)^{24} - 1 \right) }{\left(\dfrac{I}{12} \right) \cdot \left(1+\dfrac{I}{12} \right)^{24}} = \mathbf{\displaystyle \frac{(415)\cdot \left(\left(1+0.003\right)^{24} - 1 \right) }{\left(0.003\right) \cdot \left(1+0.003 \right)^{24}}} = ?[/tex]

The value of the equation is the present value, PV = ?

When payment are made based on the PV, we have FV = 0

The group of values the same value as the expression[tex]\displaystyle \frac{(\$415)\cdot (1 + 0.003)^{24} - 1}{(0.003) \cdot (1 + 0.003)^{24}}[/tex], when plugged into the TVM solver of a calculator is; D. N = 24; I% = 3.6; PV =; PMT = -415; FV = 0; P/Y = 12; C/Y = 12; PMT :END

Learn more about Present Value Solver here:

https://brainly.com/question/1759639

https://brainly.com/question/13573265

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