4.Store the values you know. (Enter each number and press its menu key.)
5.To calculate a value, press the appropriate menu key.
You must give every variable―except the one you will calculate―a value, even if that value is zero. For example, FV must be set to zero when you are calculating the periodic payment (PMT) required to
fully pay back a loan. There are two ways to set values to zero:
!Before storing any TVM values, press @cto clear the previous TVM values.
!Store zero; for example, pressing 0 Xsets FV to zero.
Loan Calculations
Three examples illustrate common loan calculations. (For amortization of loan payments, see page 77.) Loan calculations typically use End mode for payments.
Example:A Car Loan. You are financing the purchase of a new car with a
7,250 _ 1,500
0
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| 5: Time Value of Money | 67 |
File name : | Print data : 2003/7/11 |
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