joshuaandino054
Answered

Discover answers to your questions with Westonci.ca, the leading Q&A platform that connects you with knowledgeable experts. Our platform offers a seamless experience for finding reliable answers from a network of experienced professionals. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform.

Question 9 of 10 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 ($505)((1+0.004) - 1) ? (0.004)(1+0.004) Question 9 of 10 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 ( $ 505 ) ( ( 1 + 0.004 ) - 1 ) ? ( 0.004 ) ( 1 + 0.004 )​

Sagot :

ashishdwivedilVT

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

What is Present Value?

Present value (PV) formula finds application in finance to calculate the present day value of an amount that is received at a future date.

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]P = \frac{M[(1+r/n)^{nt} - 1]}{(r/n)(1+r/n)^{nt}}[/tex]

M = [tex]\frac{P.(r/n)(1+ r/n)^{nt} }{(1+ r/n)^{nt} - 1}[/tex]

Therefore, we get;

Where;

M = PMT = -415

P = PV

r = I

P/Y = n = 12

Therefore;

0.003 = I/12

I = 0.003 X 12 = 3.6%

N = n X t = 24

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

P = [tex]\frac{(415)[(1+0.003)^{24}-1]}{(0.003)(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 from:

brainly.com/question/1759639

#SPJ1

Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. We're glad you visited Westonci.ca. Return anytime for updated answers from our knowledgeable team.