N1 = 82
CF2 = 861.59
N2 = 180 - 82 = 98
Table
Keys | Display | Description |
|
|
|
| DV:::y¤ |
| |
| CF0 | Enters 35,000 for loan amount. |
|
|
|
| vÌyAjVY | CF1 | Enters net payment for first 82 |
¤ | 107.59 | months. |
|
| |
|
|
|
| gG\¥ | n1 | Enters number of times payment |
| ||
| 82.00 | occurs. |
|
|
|
| vÌy¤ | CF2 | Enters net payment for next 98 |
| ||
| 861.59 | months. |
|
|
|
| Jg:AgG\ | 98.00 | occurs. |
| n2 | Enters number of times payment |
¥ |
|
|
|
|
|
\Á | 10.16 | Calculates annual return. |
| ||
|
|
|
Net Future Value
The net future value can be calculated by using the TVM keys to slide the net present value (NPV) forward on the cash flow diagram.
Example: Value of a Fund
You have made the following deposits over the past two years into a money market fund earning 8.8%. What is the current balance of the account?
Figure 23 Cash flow diagram
154 Additional Examples