Chapter 10. Financial tools
This chapter covers
- Using your calculator to solve time-value of money (TVM) problems
- Analyzing interest, loans, mortgages, investments, and more
The math tools we’ve been dealing with in this book run the gamut from very useful to somewhat more abstract. The probability and statistics we’ve dealt with in the past two chapters have pretty clear connections to real-life situations, such as test scores, flipping coins, and data in chemistry experiments. Skills like parametric graphing don’t connect as clearly with the everyday concerns of the real world. In this chapter, we’ll look at your calculator’s financial tools, which have among the most obvious real-world applicability of any of the advanced calculator ...