HP 10bII+ Financial JyÌ, D7VÒ, TVM What if, How much can you borrow at a 9.5% interest rate?

Table 1-12 Calculating the monthly payment

KeysDisplayDescription

:É	0.00	Enters future value.
Ì	-122.86	Calculates payment if paid

at end of period.

TVM What if...

It is not necessary to reenter TVM values for each example. Using the values you just entered, how much can you borrow if you want a payment of 100.00?

Table 1-13 Calculating a new payment

KeysDisplayDescription

J::yÌ	-100.00	Enters new payment
		amount. (Money paid out is
		negative).
Ï	11,395.08	Calculates amount you can

borrow.

...how much can you borrow at a 9.5% interest rate?

Table 1-14	Calculating a new interest rate
Keys		Display	Description
d7VÒ		9.50	Enters new interest rate.
Ï		11,892.67	Calculates new present
			value for 100.00 payment
			and 9.5% interest.
J:Ò		10.00	Reenters original interest
			rate.
JY:::Ï		14,000.00	Reenters original present
			value.
Ì		-122.86	Calculates original payment.

For more information on TVM concepts and problems, refer to chapter 5, Picturing Financial Problems, and chapter 6, Time Value of Money Calculations.

At a Glance... 7