In this case you would put in 4500 as your PV, -5500 as your FV (it has to be negative because you are paying it back which makes it a cash outflow), 3.9 as your interest rate, 0 for your PMT (even though the 5500 is referred to as a "payment" it is not an annuity as it is only a one-time cash flow) and then solve for your N (the P/Y and C/Y should be 1)
Thanks for the refresher video-- starting a new financial class tomorrow and haven't done this stuff in years. Needed to remember how to use my calculator properly. Thanks
Thank you! So much easier than the financial calculator! I actually like to see what I am doing and hate that the financial calculator only shows the value for the current input.
@karlaolivo My guess is you are putting both your PV and FV in as positive values. The calculator can't figure out how you GET $10,000 and GET $15,000. Since you are depositing the $10,000 it is a cash outflow and should be negative.
how would you solve this problem. You have just won the lottery and received $10,000. You deposited your winnings into an account that pays 7.5 percent interest compounded annually. How long will you have to wait until your winnings are worth $15,000? I have tried to entered on the Ti83 calculator but it is giving me an error. I know I trying to figure out the number of periods. However everytime I press solve for N, it says error: domain.
for your second example I put in my N=25 I/Y=8 PV=0 PMT=4000 P/y=0 C/Y=0 /..solving for FV the answer I get is 315817.66...Can you explain why we got different answers please?
It is VERY rare that you would change C/Y without changing P/Y. P/Y stands for periods per year while C/Y stands for compounding periods per year. They are almost always the same...so much so that when you change P/Y, the C/Y will automatically change to the same. You change them when you are dealing with non-annual periods. For example, let's say you are contributing to a 401(k) and taking $100 out of every paycheck. Assuming you get paid every other week (biweekly), there are 26 periods per year. So, if you made that contribution for 10 years, you'd have 260 N (26 biweekly periods for 10 years), 100 PMT and your P/Y (and C/Y) would be 26.
@@aas131995 If you are dealing with an annuity where cash flows come at the beginning of each period, you would set it to begin. This is referred to as an annuity due and is far less frequent. The more common is having the payment come at the end of each period which is an ordinary annuity. For these (what should be your default), the calculator should be on end.
If you changed the End to Begin you would get $315,817.66 for your retirement for some people that would be the difference of living nicely and living well.
Set the P/Y to 2 (and then the C/Y will automatically follow). Then your N is the number of periods, not years. So, if you are solving for the FV of 100 invested every 6 months over 10 years at 6% compounded semi-annually, you enter 20 for N, 6 for I, 0 for PV, 100 for PMT, P/Y = 2, C/Y = 2, solve for FV
Not sure why it isn't working. The idea is to hit the "Solve" button which is the alpha shift on my calculator. Is "Solve" something else on your calculator? Send me a follow-up message if you are still struggling (remove the spaces from the following email address and change the at and dot to normal email notation) kbracker at pittstate dot edu
Thank you for demonstrating which keys to push. Life saver.
I owe you money, the very least is my gratitude. THANK YOU SO MUCH!!!!!!!!!!!!
I really appreciate this video. It was very helpful in my Financial Management class.
Thank you so much. Can't tell you how thankful I am for this video. I hope you have more.
In this case you would put in 4500 as your PV, -5500 as your FV (it has to be negative because you are paying it back which makes it a cash outflow), 3.9 as your interest rate, 0 for your PMT (even though the 5500 is referred to as a "payment" it is not an annuity as it is only a one-time cash flow) and then solve for your N (the P/Y and C/Y should be 1)
You don't know what you just did for me sir, Thank you so much, you just saved my grade, THANKS :)
Thanks for the refresher video-- starting a new financial class tomorrow and haven't done this stuff in years. Needed to remember how to use my calculator properly. Thanks
Thank you! My professor only knew how to teach with an HP10B calculator, you've helped a lot.
Thanks...glad the video was helpful
Very informative video and helpful for my Financial Mgmt. course.
Thank you! So much easier than the financial calculator! I actually like to see what I am doing and hate that the financial calculator only shows the value for the current input.
You're welcome...glad the video was helpful
Thank you! This was very helpful and easy to understand!
Thanks sir! I'm doing online school, and they told us to use this calculator, but I didn't know how
I learned more in 8 minutes than my teacher could teach me in 4 weeks
This comment made my day...thanks!
ture
Thank you so much for breaking it down much appreciated!
Your video was extremely helpful! Thank You!!!
Great job Kevin!!!!
@karlaolivo My guess is you are putting both your PV and FV in as positive values. The calculator can't figure out how you GET $10,000 and GET $15,000. Since you are depositing the $10,000 it is a cash outflow and should be negative.
omg thank you because I was loosing my mind... everyone else goes so darn fast
this was so helpful! thanks!
just find out that I dont even have to programing the Finance formulars into the TI-83, Thank for a very helpful Vdo
Thank you so much for this video, if i were to not watch this I would have had a horrible time with my exam 😅
On the bottom of your screen where it says END BEGIN, you probably have BEGIN highlighted. It should be END.
EXTREMELY helpful! thanks so much
how would you solve this problem. You have just won the lottery and received $10,000. You deposited your winnings into an account that pays 7.5 percent interest compounded annually. How long will you have to wait until your winnings are worth $15,000? I have tried to entered on the Ti83 calculator but it is giving me an error. I know I trying to figure out the number of periods. However everytime I press solve for N, it says error: domain.
Can you please help me answer my math assignment question! Why does the present value have to be negative?
all looks good but the green "alpha" button followed by "Enter" on the TI-84 is not doing anything for me. Any ideas?
This was great, thank you so much :D
really helpful! Thank you!
thank you good sir!
How do you solve for the unknown number of years?
Thank you so much
Thanks 4 the video!!!
Mine has that same horizontal line. Do you know how to remove that?
Don Sizemore It’s because the calculator is old
Thank you.
for your second example I put in my N=25 I/Y=8 PV=0 PMT=4000 P/y=0 C/Y=0 /..solving for FV the answer I get is 315817.66...Can you explain why we got different answers please?
Missdahrouge I got the same answer. Were you able to figure out what the problem was?
When would we ever change P/Y and C/Y to a number other than 1?
It is VERY rare that you would change C/Y without changing P/Y. P/Y stands for periods per year while C/Y stands for compounding periods per year. They are almost always the same...so much so that when you change P/Y, the C/Y will automatically change to the same. You change them when you are dealing with non-annual periods. For example, let's say you are contributing to a 401(k) and taking $100 out of every paycheck. Assuming you get paid every other week (biweekly), there are 26 periods per year. So, if you made that contribution for 10 years, you'd have 260 N (26 biweekly periods for 10 years), 100 PMT and your P/Y (and C/Y) would be 26.
@@kevinbracker Thank you. And when would we change between end and begin?
@@aas131995 If you are dealing with an annuity where cash flows come at the beginning of each period, you would set it to begin. This is referred to as an annuity due and is far less frequent. The more common is having the payment come at the end of each period which is an ordinary annuity. For these (what should be your default), the calculator should be on end.
thank you!
If you changed the End to Begin you would get $315,817.66 for your retirement for some people that would be the difference of living nicely and living well.
Yes thank you very much!
Thank you so much!
Does anyone know how to do this if it is compounded semi-annually?
Set the P/Y to 2 (and then the C/Y will automatically follow). Then your N is the number of periods, not years. So, if you are solving for the FV of 100 invested every 6 months over 10 years at 6% compounded semi-annually, you enter 20 for N, 6 for I, 0 for PV, 100 for PMT, P/Y = 2, C/Y = 2, solve for FV
Okay, so all you need to do is change the P/Y and the C/Y, then double the N? just making sure.
Hey I need help if you can help if greatly appreciate it
Thank you!!
It's hard to diagnose the problem without seeing exactly what you are doing.
Hi Kevin. Great video! Do you permit usage of your videos by teachers/professors to use in the classroom with students? Thank you.
Definitely. Please use freely!
Not sure why it isn't working. The idea is to hit the "Solve" button which is the alpha shift on my calculator. Is "Solve" something else on your calculator? Send me a follow-up message if you are still struggling (remove the spaces from the following email address and change the at and dot to normal email notation) kbracker at pittstate dot edu
Have a TI-84, too. You just have to press "ENTER" without any alpha first...
Both BA Plus II and FC 200V can solve this queston :))