We were told to use an app called “TVM calculator” on our phones.

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LI’IJISE DD,UUU TV $600 Tires $800 LONG TERM GOALS Goal Amount Month/Y ear Date # months
Interest Savings Monthly Needed needed Saving to save Rate Vehicle Amount to Starts Earned Used Save
Home- $25,000 down College $100 Retirement $200 You can create your own goal spreadshe… Show more

We were told to use an app called “TVM calculator” on our phones. For example for the first one its asking us to say how much would we have to put into a savings acc, or CD, if it has a 4% or 5% or whatever interest rate, and we need $250 in ____ months. I just don’t know how to do this calculation.

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