## Time Value of Money Solution Grid

Self-Paced Overview

### Using the Solution Grid

#### Problem:

If you borrow $35,000 and make 10 annual payments at 4% interest, how much will those payments be?

The solution grid:

P/YR |

1 |

N | I/YR | PV | PMT | FV |

10 | 4 | 35,000 | ? | 0 |

The answer is: $4,315.18

The calculator keystrokes:

Again, the answer is displayed as a negative value since the annual payments represent cash outflow.