How can you calculate simple interest using the TI 84 finance app?

TI 84 Finance App

Quiz
•
Computers
•
University
•
Hard
Jose Ramon Rivera Acosta
FREE Resource
8 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Use the graphing function to calculate simple interest
Ask a friend to calculate simple interest for you
Go to the games menu and play a game to calculate simple interest
Select 'Simple Interest' from the finance app menu and input the required values.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the steps to solve for the present value of an investment using the TI 84 finance app?
Use the 'Graph' function to find the present value
Calculate the future value first and then subtract the interest
Press the 'Clear' button and start over
Enter the relevant values and use the PV function to calculate the present value
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Explain how to use the TI 84 finance app to calculate the future value of an investment.
Use the graphing function to calculate the future value
Enter the values into the matrix function and select future value
Manually calculate the future value using the arithmetic function
Input the required values and use the TVM Solver function to calculate the future value.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How can you use the TI 84 finance app to determine the payment amount for a loan?
By using the graphing option in the finance app
By entering personal information in the finance app
By selecting the currency conversion feature in the finance app
By inputting the necessary values and solving for payment amount in the loan option of the finance app.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Explain the steps to solve for the interest rate in a time value of money problem using the TI 84 finance app.
Enter the known values for present value, future value, and interest rate, then solve for the number of periods
Enter the known values for present value, future value, number of periods, and payment, then solve for the interest rate (I/Y).
Enter the known values for present value, future value, and interest rate, then solve for the payment amount
Enter the known values for future value, number of periods, and payment, then solve for the present value
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the significance of the 'P/Y' setting in the TI 84 finance app when solving time value of money problems?
It represents the number of compounding periods per year.
It indicates the number of characters allowed in the input field.
It determines the font size of the text on the calculator.
It represents the color of the calculator screen.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Describe the process of finding the future value of an annuity using the TI 84 finance app.
Use the matrix function to calculate the future value of the annuity
Enter the necessary information and use the TVM Solver function to calculate the future value.
Press the 'Graph' button and input the annuity details to get the future value
Manually input the formula for future value and solve for the variables
8.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How can you use the TI 84 finance app to calculate the present value of an annuity?
Select 'PV' in the finance app and input the wrong values
Select 'PV' in the finance app and input the required values
Manually calculate the present value and input the result
Use the graphing app instead of the finance app
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