Unit 4 - Time Value of Money Assignment #4 Link to Time Value of Money on-line calculator. Time Value of Money (TVM) Calculator Enter the appropriate numbers from the questions below, (remember to make the appropriate selection at the top) then click on the calculate button to get the figures to answer the problems: Show your work on this worksheet. 1. Your great uncle gave you $1000 on your birthday. If you deposit the money in a Money Market savings account that is currently earning an APR of 4%, how much will the give be worth in 5 years? 1216.15 2. In 3 years you and a group of friends are going to take a trip to Europe. You are planning to spend $7000 on the trip. How much money do you need to put in a savings account today to have $7000 in 3 years if the account is earning 5.5% APR? 3. For your trip to Europe, you will not have a lump sum amount to deposit today so you will need to save money every year. How much do you need to deposit in a savings account every year to have $7000 for the tri