Hello everyone, Tom from everystepcalculus.com, everystepphysics.com Problem with regard to money which I know is on a calculus test, but it’s gonna be in my menu so I can give you an example of how my programs work. So let’s do it. Index 8 to get to my menu. And we’re gonna press 2nd, and the cursor control down to… this goes page by page, so it’s a little quicker. Go down to “money”. And we’re gonna choose “money over time” and compute it over a yearly amount of time. That was the formula before. We’re going to enter the present value of the money we’re talking about. Alpha 1 thousand dollars. Interest rate, alpha 7 percent; make it a decimal, we divide by 100. And number of years, let’s choose number 6. I always show you what you’ve entered, you can change it if you want. Say it’s okay. And the value is gonna be 1521 dollars and 96 cents six years from now, based on 7 percent interest. Go to my site, well, you are on my site if you choose this menu, but subscribe so you can see other videos that I might make. Alright, have a good one. One more thing, we’re gonna go back here and just tell you one more thing. Money over time, we can also choose, you know, the number of periods, for instance, a yearly period will be 12 periods and and then semi-annual would be 2, and quarterly would be 4, so remember that if you do– and then also, you can send me a money problem if it’s not in here, I’d be glad to incorporate it in here, I like to make everything as complete as I can, so don’t be afraid to do that either, and I’ll try and program it for you. Alright, have a good one.
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