Keys: | Display: | Description: | |||
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| " | Displays TVM menu. | |
" |
| ] |
| ||
@c | #$ 5?@2 H<A 0EAH" | Clears history stack and | |||
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| TVM variables. |
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| " | If needed: sets 12 | ||
. |
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| |||
@c | " | payment periods per year; |
e#$ 5?@2 H<A 0EAH" End mode.
v3 *12 | " | Figures and stores number | ||||
| T |
|
| <8%'&((" | of payments. | |
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| |||
| 10.5 | U |
| ;6@28#(&.(" | Stores annual interest rate. | |
v7250 | " | Stores amount of the loan. |
V
W | 50:8/#*'&*," | Calculates payment. |
|
| Negative value means |
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| money to be paid out. |
To calculate the interest rate that reduces the payment by $10, add 10 to reduce the negative PMT value.
v+10 | W | Stores the reduced | ||
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|
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| payment amount. |
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| Calculates the annual | ||
| U |
| ||
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|
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| interest rate. |
Example: A Home Mortgage. After careful consideration of your personal finances, you’ve decided that the maximum monthly mortgage payment you can afford is $630. You can make a $12,000 down payment, and annual interest rates are currently 11.5%. If you take out a
68 5: Time Value of Money
File name : | Print data : 2003/7/11 |