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Instructions: c (or similar software) TYPE out the TVM identifier for the type of problem for each of the timelines below ble answers are PVLS; PVA; PVA Payment; FVLS, FVA; or FVA Payment (you must include the word Payment (PMT is ok) if it applies) r reasoning using the How to Determine sheet as to why you decided on your answer. h of your timeline identifications write a one sentence problem that fits that timeline. 2 e igures from the timeline in your problem. Include a r to number each of your answers. 6 n example is given for #1. 0 0 3,000 Problem Type: FVLS The wording of the question that corresponds to the timeline would be: IfI deposit 3,000 today and it grows for 6 years, how much will there be in the account? 24 25 26 27 28 29 30 6 7 8.20 8,000 5
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Answer #1

ANSWER : QUESTION SHOULD BE : WHAT AMOUNT SHOULD I DEPOSIT TODAY TO HAVE 8000 IN THE ACCOUNT AT THE END OF 20 YEARS (THUMBS UP PLEASE)

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