Financial Mathematics on the Graphing Calculator

Tutoring on Financial Mathematics on the Graphing Calculator

Learning Objectives:

Understand Financial Mathematics on the Graphing Calculator

 

Financial Mathematics on the Graphing Calculator

A graphing calculator is a handheld device that is capable of plotting graphs, solving simultaneous equations, and performing other tasks with variables. Graphing calculators are generally programmable. So the user can create customized programs for science, engineering and education applications. Because they have large displays, it can display several lines of text and calculations at the same time. The TI 83 Plus and TI 84 Plus also have a slew of built in financial functions similar to those available on advanced financial calculators. On the TVM solver by pressing the [FINANCE] key and selecting option 1 on the TI-83, or pressing [APPS] and selecting [1: Finance] then [1: TVM Solver.] on the TI-83 Plus/TI-84. You will see a window that looks like the following except there may be different numbers. N=Number of compounding, I%= annual interest rate,

PV= present value, PMT= payment, FV= future value, 

P/Y= payments per year, C/Y= compounding per year,    

 

Hook Questions

 

 

1.    How do you use the finance app on a TI 84?

2.    How do you get to the TVM Solver?

 

 

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