How to use the Finance TVM Solver App on the TI-84 Plus CE Online

How to use Finance Solver TVM App on TI 84 Calculator Online

On the TI 84 Calculator, you can use the TVM solver to solve finance-related questions. You can calculate:

  1. Interest rate – I%
  2. Number of Periods – N
  3. PV – Present Value
  4. PMT – Payment
  5. FV – Future Value
  6. Payment per Year – P/Y
  7. Compounding per Year – C/Y

There are many calculators to solve finance-related problems, but you can use the TVM solver on the TI 84 calculator online to perform finance calculations.

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Table of Contents

How to open the Finance Solver App - TVM

With the following steps, you will be able to access TVM Solver (Finance Solver app) on the TI 84 Calculator:

  1. Press the “apps” key
    01 How to open the Finance Solver App - TVM Solver
  2. Press “1: Finance…” Option, and it will show different finance-related solvers.
    02 How to open the Finance Solver App - TVM Solver
  3. Press “1: TVM Solver…” and it will allow you to perform finance-related options
    03 How to open the Finance Solver App - TVM Solver04 How to open the Finance Solver App - TVM Solver

Important Terms

In Finance, there are some specific mathematical terms which are used in the calculations related to finance problems. Before starting to use the Finance Solver App onthe  TI 84 Calculator Online.

1. N - Number of Periods

N means the total number of payments or the total compounding periods.

  • If you are paying monthly for 2 years, then N = 2×12 = 24
  • If interest compounds yearly for 10 years, then N = 1×10 = 10

In short, you can say, how many times payments or compounding happen

2. I% - Interest Rate Per Year

I% represents the annual interest rate but in percentage. If the interest rate is 4%, then I% will be 4, not in the form of any decimal like 0.004. You should have to enter it as a percentage.

3. PV - Present Value

Present Value means how much money you have invested or borrowed today. For example:

  • If you take a loan or profit 7000$, your present value PV will be 7000.
  • If you invest 3000$, your present value PV will be -3000.

For invested money, the PV will always be negative.

4. PMT – Payment

PMT is the regular payment that you are making every month or year. It can be:

  • Monthly or annual loan payment
  • Monthly or annual investment
  • Monthly or annual deposits
  • Monthly or annual savings

In short, we can say it is a repeating payment. If there is no regular payment, we set PMT=0

5. FV – Future Value

FV – Future value is the amount of future money that you will have after some investment, deposits, or profit. Examples:

  • How much money will I have after paying for a loan
  • How much your investments grow
  • Your savings after 5 years

If nothing is left in the future after payment or full loan payment, we set the future value FV = 0. In short, FV is how much money you will have in the future.

6. P/Y & C/Y - Payments per year & Compounding per year

P/Y – Payments per year means how many times payments happen in one year. Examples:

  • For annual payments, P/Y = 1
  • For monthly payments, P/Y = 12
  • For quarterly payments, P/Y = 4

C/Y – Compounding per year means how many times interest compounds in one year. Examples:

  • For monthly compounding, C/Y = 12
  • For annual compounding, C/Y = 1

Mostly, teachers guide the students to set P/Y = C/Y if these values are not mentioned separately.

Solving Problems by Using the TI 84 Calculator Online

Let’s solve some finance-related problems by using TVM Solver.

Problem No 01

Find the future value of $9,200 after it has been invested for 5 years at 6% interest per year.

Solution

To solve the problem, you have to open the TVM solver on your TI-84 calculator and set the following values:

  • N = 5 × 1 = 5
  • I% = 6
  • PV = −9200
    Note: Don’t use the minus key to add “-”. Use the “(-)” key to add “-”
  • P/Y = 1
  • C/Y = 1

At the end, take your cursor to the F.V. Press “alpha” and “enter”. It will give you the answer:

F.V = 12311.67531

Solving Problem 1 by using TVM Solver on TI 84 calculator

Problem No 02

I invested $2,000 into an account that earns 4% interest compounded monthly. When I withdrew the money, the balance was $2,380. How many years was the money invested?

Solution

Set the following values in your TVM Solver:

  • N =?
  • I% = 4
  • PV = –2000
  • FV = 2380
  • P/Y = C/Y = 12

At the end, take your cursor to the N. Press “alpha” and “enter”. It will give you the answer:

N=52.272 months

Solving Problem 2 by using TVM Solver on TI 84 calculator

Problem No 03

You initially deposit $1,200 into an account earning 6% interest per year, compounded quarterly. You also add an equal payment each quarter. After 10 years, the account balance is $15,000. How much did you deposit each quarter?

Solution

Set the following values in your TVM Solver:

  • N = 10 × 4 = 40
  • I% = 6
  • PV = −1200
  • FV = 15000
  • P/Y = C/Y = 4

At the end, take your cursor to the PMT. Press “alpha” and “enter”. It will give you the answer:

PMT≈ -236.294

Solving Problem 3 by using TVM Solver on TI 84 calculator

Video Tutorial

It is an official video by the TI Instrument youtube channel.

Frequently Asked Questions (F.A.Q)

What does TVM mean in the TI-84 Finance Solver?

The Finance Solver App is used to solve the time value of money (TVM) problems, such as investments, loans, interests, savings, and mortgages calculations.  It helps us to find the values like future value, present value, payments, interest rate, and many others without using complex formulas.

TVM Stands for Time value of money. It means the money today is worth more than the same amount of money in the future due to interest. The TVP Solver helps to find how money gets value or devalues over time due to interest rates and payments.

The finance app is installed on the latest version of the TI 84 calculator. You can enter into the TVM Solver by following these steps:

  1. Just press the “apps” key.
  2. Press “Finance”
  3. Press “TVM Solver”

Now you can write your values to solve problems.

It’s very easy to use. Just add the different available values, such as:

  1. Interest rate – I%
  2. Number of Periods – N
  3. PV – Present Value
  4. PMT – Payment
  5. FV – Future Value
  6. Payment per Year – P/Y
  7. Compounding per Year – C/Y

At the end, take your cursor to the entity that you want to find. Press “alpha” and solve. It will give you an answer.

Final Words

Access the “TVM Solver” in the finance app of the TI-84 calculator. You can find profit, loss, interest rate, and perform many other operations related to banking and finance problems.

We have explained the process to access “TVM Solver” step-by-step and different financial terms. We also solved some real problems to find their answers using a TI-84 calculator.

You can use our latest and original TI 84 calculator online to use the TVM Solver.

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James Cooper
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My name is James Cooper, the author of https://graphingti84calculator.com/. I am a high school math teacher with over 15 years of experience. I also taught the engineering students. I specialized in Algebra, Trigonometry, Calculus, and standardized test preparation. In the United States, I have spent my career in teaching math and engineering students especially with the TI-84 calculator.

I have a passion to make the tough math concepts very easy to understand for my students. I have created this website to guide the students, teachers and other math learners about the TI-84 Calculator. From graphing equations to solving the linear system, I have worked and brought this website for you. With my blogs, guidelines and tutorials, you will be a master in mathematics.

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