Question: When you are using the TVM functions, you are essentially asking the calculator to N FV 0 PMT solve the following equation: PV + +

When you are using the TVM functions, you are essentially asking the calculator to N FV 0 PMT solve the following equation: PV + + You need to (1+r)'' (1 + r)N enter the values of four variables, and then ask the calculator to find the value of the fifth variable 1=1 Question: Suppose PV=-11.934, N=8, PMT=798, r=5.2%. Please find FV. [Hints/Example)

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