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Time Value of Money Solution Grid

 Self-Paced Overview

Using the Solution Grid

Problem:

If you deposit $3,000 per year for 12 years and earn 8.2%, how much will you have saved?

The solution grid:

P/YR
1
N I/YR PV PMT FV
12 8.2 0 3,000 +/- ?

The answer is:  $57,611.08

The calculator keystrokes:

C
  C ALL
1    P/YR
1  2  N
8  ·  2  I/YR
0  PV
3  0  0  0  +/  PMT
FV
CE/C
2nd CLR TVM
2nd P/Y  1  ENTER  2nd QUIT
1  2  N
8  ·  2  I/Y
0  PV
3  0  0  0  +/  PMT
CPT  FV

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