2.0 Using the TVM Solver
We are reviewing how to use the TVM Solver.
1) Watch the video below.
2) Complete pages 52 and 53.
Esteban and Suzanne want to take their sons on a vacation to Florida in 1 year. They estimate the trip will cost $2500. They have an account that pays 3% interest per year, compounded monthly. Determine the amount they will need to deposit at the end of each month.