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Project 2

This project has two goals. First, the project is designed to teach you the fundamentals of time value of money. Secondly, the project is designed to familiarize the student with the operation of their financial calculator. As indicated on the syllabus, the HP 10B calculator is highly recommended. If you choose to use and other financial calculator, please show the calculator to the instructor for his approval.

An extensive HP 10B calculator tutorial is available on the course web site. You are required for this project to complete the entire tutorial even if you do not use the HP 10B calculator. You’ll find that most of the material will also be relevant to whatever financial calculator you may choose.

This project should be begun early in the course. There will be several project submissions prior to the end of the class. If you began working on this early, you’ll have no trouble completing the material by the end of the course. Below is a table indicating the relevant topics to be covered in the time value money tutorial along with the corresponding project submission. Also included are the dates you should have completed the material.

Topic

Project Assignment

Due Date

Compounding

Assignment #1

Sep 6

Discounting

Assignment #2

Sep 11

Basic Calculator Use
Basic Skills Test

Assignment #3

Sep 18

Financial Keys Use

Assignment #4 Sep 25
Future Value of Lump Sum
Solving for I/yr and years
Assignment #5 Oct 9
Present Value of Lump Sum Assignment #6 Oct 16
Future Value of an Annuity
Sinking Fund Payment
Assignment #7 Oct 23
Present Value of an Annuity
Mortgage Payment
Assignment #8 Nov 6
Recognizing Word Problems
Word Problem Skill Test 1
Assignment #9 Nov 13
Word Problem Skill Test 2 Assignment #10 Nov 30