## Time Value of Money Utility On-Line Utility forFinite Mathematics(2nd. Ed.)

Topic Summary for Mathematics of Finance
More On-Line Utilities
Everything for Calculus
Everything for Finite Math
Everything for Finite Math & Calculus

To use the utility, fill in any five of the six fields and press "Compute" to obtain the missing quantity.

Note:We use the following convention, similar to that in standard financial calculators, the TI-83, and Excel:

If a quantity is paid out, it is entered as negative.

 FV = PV = PMT = r = m = t =

 Example FV = Future Value of Annuity FV = 23000 if you want an account to pay you \$23,000 in the future. PV = Present Value of Annuity PV = -5000 if you pay \$5,000 into the new account now. PMT = Payment PMT = -100 if you pay \$100 into the account at the end of each compounding period. r = annual interest rate r = 5%       (or 0.05) if the account pays 5% per year. m = number of compounding periods per year m = 12 if the payments and interest are payed monthly . t = number of years t = 10 if the payments continue for 10 years.

Last Updated: January, 2000
Copyright © 2000 Stefan Waner and Steven R. Costenoble