Keys:

Display:

Description:

 

 

 

"

Displays TVM menu.

"

 

]

 

@c

#$ 5?@2 H<A 0EAH"

Clears history stack and

 

 

 

 

 

TVM variables.

 

 

"

If needed: sets 12

.

 

 

@c

"

payment periods per year;

e#$ 5?@2 H<A 0EAH" End mode.

v3 *12

"

Figures and stores number

 

T

 

 

<8%'&(("

of payments.

 

 

 

 

 

10.5

U

 

;6@28#(&.("

Stores annual interest rate.

v7250 -1500

"

Stores amount of the loan.

V5O8.K-.(&(("

W

50:8/#*'&*,"

Calculates payment.

 

 

Negative value means

 

 

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

50:8/#-'&*,"

Stores the reduced

 

 

 

 

payment amount.

 

 

;6@28'&-."

Calculates the annual

 

U

 

 

 

 

 

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 30-year mortgage, what is the maximum purchase price you can afford?

68 5: Time Value of Money

File name : 17BII-Plus-Manual-E-PRINT-030709

Print data : 2003/7/11