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

When you are using the TVM functions, you are essentially asking the calculator to N 0 PMT FV 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 N=8, PMT=930, r=5%, FV=5,711. Please find PV. [Hints/Example)

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