First Level of TVM, Second Level of TVM | HP 17bII specification

The time value of money (TVM) menu does many compound-interest calculations. Specifically, you can use the TVM menu for a series of cash flows (money received or money paid) when:

The dollar amount is the same for each payment.*

The payments occur at regular intervals.

The payment periods coincide with the compounding periods.

12 payments (or periods)		Payment mode: the
per year		end of each period

To second level of TVM

Figure 5-1. The First Level of TVM

The first level of the TVM menu has five menu labels for variables plus . The key accesses a second-level menu used to specify payment conditions (the payment mode) and to call up the AMRT (amortization) menu.

Figure 5-2. The Second Level of TVM

*For situations where the amount of the payment varies, use the CFLO (cash flows) menu.

62 5: Time Value of Money

File name : English-M02-1-040308(Print).doc Print data : 2004/3/9

Image 62

HP 17bII manual First Level of TVM, Second Level of TVM

Contents

Hp 17bII+ Financial Calculator Printing History Edition June January Welcome to the hp 17bII+ Welcome to the hp17bII+ Contents Power Function Exponentiation Error MessagesUsing Parentheses in Calculations Saving and Reusing Numbers Cash Flow Calculations Time Value of MoneyInterest Rate Conversions 10 121 Running Total and Statistics BondsDepreciation 11 141 Time, Appointments, and Date Arithmetic 12 153 The Equation Solver 14 190 Additional Examples Assistance, Batteries, Memory, and Service More About Calculations Menu Maps RPN Summary RPN The Stack RPN Selected Examples Error Messages Index General Business Calculations List of ExamplesList of Examples Currency Exchange Calculations Interest Rate Conversions Bonds and Notes Time, Alarms, and Date ArithmeticHow to Use the Equation Solver Running Total and Statistical Calculations Important Information Important Information Getting Started Power On and Off Continuous MemoryAdjusting the Display Contrast Getting Started Keys for language Key Description Setting the LanguageWhat You See in the Display 18 1 Getting Started Shift Key @ Backspacing and Clearing 20 1 Getting Started Keys for ClearingKeys Display Description Doing Arithmetic Keys DisplayDescription 22 1 Getting Started Using the Menu KeysKeying in Negative Numbers Main Menu Menu Labels Menu Keys Main Menu Menu Label Operations Done Covered This Category 24 1 Getting Started Choosing Menus and Reading Menu Maps Displaying the MU%C menu Using the MU%C menu26 1 Getting Started Calculations Using Menus 28 1 Getting Started Exiting Menus eClearing Values in Menus Solving Your Own Equations Solve = Cost Typing Words and Characters the ALPHAbetic Menu 30 1 Getting Started       Editing ALPHAbetic TextKeys Characters Keyboard Calculating the Answer CalcAlphabetic Editing Operation Label or Key to Press 32 1 Getting Started KeysDisplayDescription Internal Precision Controlling the Display FormatDecimal Places Temporarily SHOWing ALL Rounding a Number Exchanging Periods and Commas in Numbers 36 1 Getting Started Error MessagesModes Double Space. Press Calculator Memory @M Number of bytes Percentage of total Memory still free VDoing Calculations ArithmeticCalculator Line 38 2 Arithmetic Arithmetic VUsing Parentheses in CalculationsKeys Display 40 2 Arithmetic VThe Percent KeyMathematical Functions Key VThe Power Function ExponentiationShifted Math Functions 42 2 Arithmetic Math MenuMath Menu Labels Description Saving and Reusing Numbers History Stack of Numbers 44 2 Arithmetic VReusing the Last Result @LVKeys Display Storing and Recalling Numbers VKeys Display Description Arithmetic in Registers Keys New Register ContentsDoing Arithmetic Inside Registers and Variables Scientific Notation Range of Numbers 48 2 Arithmetic Percentage Calculations Business Business Percentages BUS Menus Description Percent Change %CHG Using the BUS MenusExamples Using the BUS Menus 50 3 Percentage Calculations in Business Percent of Total %TOTL 52 3 Percentage Calculations in Business Markup as a Percent of Cost MU%CMarkup as a Percent of Price MU%P Sharing Variables Between Menus 54 4 Currency Exchange Calculation Currency Exchange CalculationsCurrx Menu Currency Exchange Calculation Selecting a Set of CurrenciesCurrx Menu Menu Key Currencies Currency Rate United States Conversion Chart in US$Entering a Rate Select CAN$ as currency 58 4 Currency Exchange Calculation Select HK$ as currency Example Converting between Hong Kong and U.S Dollars Converting Between Two CurrenciesStoring and Recalling Sets of Currencies Clearing the Currency Variables 60 4 Currency Exchange Calculation Time Value of Money Time Value of MoneyTVM Menu First Level of TVM Second Level of TVM Second Level TVM Menu LabelsFirst Level Shortcut for N Multiplies the number in the display by Cash Flow Diagrams and Signs of Numbers 64 5 Time Value of Money FV is Using the TVM Menu 66 5 Time Value of Money Loan Calculations 68 5 Time Value of Money Figures and stores number @c  70 5 Time Value of Money Figures and stores Savings Calculations 000 72 5 Time Value of Money Figures and stores number Leasing Calculations 74 5 Time Value of Money  76 5 Time Value of Money Amortization Amrt Label Displaying an Amortization ScheduleAmrt Menu Labels 78 5 Time Value of Money Time Value of Money 80 5 Time Value of Money Next successive set of payments authorized First year Printing an Amortization Table Table 82 5 Time Value of Money Calculates and prints Interest Rate Conversions 84 6 Interest Rate Conversions Interest Rate Conversions Icnv MenuConverting Interest Rates 86 6 Interest Rate Conversions Compounding Periods Different from Payment Periods 88 6 Interest Rate Conversions  90 6 Interest Rate Conversions Cash Flow Calculations Cash Flow CalculationsCflo menu Cflo Menu Labels 92 7 Cash Flow Calculations Cash Flows Ungrouped Creating a Cash-Flow List 94 7 Cash Flow Calculations Entering Cash Flows For grouped cash flows The display now shows Prompting for #TIMES #T?. When the calculator displays 96 7 Cash Flow Calculations Viewing and Correcting the List Display Description 98 7 Cash Flow Calculations Copying a Number from a List to the Calculator LineNaming and Renaming a Cash-Flow List Deleting Cash Flows from List. Pressing Viewing the Name of the Current List. Press , then e Clearing a Cash-Flow List and Its NameStarting or GETting Another List Cash-Flow Calculations IRR, NPV, NUS, NFV 100 7 Cash Flow Calculations Calc Menu for Cflo Lists Menu Label 102 7 Cash Flow Calculations Calculates NPV Group Number Amount 104 7 Cash Flow Calculations Prompts for next cash 106 7 Cash Flow Calculations Doing Other Calculations with Cflo Data 108 8 Bonds BondsBond Menu Bonds Bond Menu LabelsMenu Description Label To calculate the price or yield of a bond Doing Bond Calculations110 8 Bonds Since there is no call on 112 8 Bonds MM.DDYYYY format 114 9 Depreciation DepreciationDeprc Menu Deprc Menu Labels Depreciation 116 9 Depreciation Doing Depreciation CalculationsDB, SOYD, and SL Methods To calculate the depreciation for an asset Basis Salv 4,000 118 9 Depreciation Acrs MethodYear Percentage Deductible Keys Display Description Partial-Year Depreciation Calendar Year Depreciation Value 120 9 Depreciation Running Total and Statistics Running Total and Statistics 122 10 Running Total and Statistics SUM MenuSUM Menu Labels Creating a SUM List Entering Numbers and Viewing the Total 124 10 Running Total and Statistics Transaction DateAmount Date Naming and Renaming a SUM List 126 10 Running Total and Statistics Clearing a SUM List and Its Name Doing Statistical Calculations Calc 128 10 Running Total and Statistics Calculations with One VariableCalc Menu for SUM Lists Menu Key Month Phone Expense Calculations with Two Variables Frcst 130 10 Running Total and Statistics Calc Total Mean Medn Stdev Range More MIN MAX Sort Frcst Frcst Menu Labels 132 10 Running Total and Statistics Curve Fitting and Forecasting Logarithmic Curve Fit 134 10 Running Total and Statistics To do curve fitting and forecasting Advertising Values Number of Minutes Dollar SalesRadio 136 10 Running Total and Statistics Minutes Minutes Weighted Mean and Grouped Standard Deviation 138 10 Running Total and Statistics Summation Statistics Rent Doing Other Calculations with SUM Data 140 10 Running Total and Statistics Time, Appointments, and Date Arithmetic Time, Appointments, Date ArithmeticViewing the Time and Date 142 11 Time, Appointments, and Date Arithmetic Time MenuTime Menu Labels Menu Label Description Setting the Time and Date SETSET Menu Labels Or DD.MMYYYY 144 11 Time, Appointments, and Date Arithmetic Adjusting the Clock Setting AdjstChanging the Time and Date Formats SET Appointments Appt Viewing or Setting an Appointment APT1-APT10Menu Labels for Setting Appointments Description To set an appointment or view its current setting 146 11 Time, Appointments, and Date Arithmetic Acknowledging an Appointment 148 11 Time, Appointments, and Date Arithmetic Unacknowledged AppointmentsClearing Appointments To acknowledge a past-due appointment Date Arithmetic Calc Calc Menu Labels for Date Arithmetic Determining the Day of the Week for Any DateCalculating the Number of Days between Dates 150 11 Time, Appointments, and Date Arithmetic Calculating Past or Future Dates 152 11 Time, Appointments, and Date Arithmetic DATE2 Equation Solver Equation SolverSolver Example Sales Forecasts 154 12 The Equation Solver Next =OLD   Menu Label Keys Solve Menu156 12 The Equation Solver To make an entry into the Solver list Entering EquationsSolve Menu Labels 158 12 The Equation Solver Calculating Using Solver Menus CalcTo do a calculation using a Solver menu Rmenu label 160 12 The Equation Solver Eqty Editing an Equation Edit Naming an Equation Clearing Variables Finding an Equation in the Solver ListShared Variables 162 12 The Equation Solver Deleting Variables and Equations Deleting a variable is quite different from clearing it Deleting All Equations or All Variables in the Solver @c Writing EquationsDeleting One Equation or Its Variables Delet 164 12 The Equation Solver ⋅ E 100⋅ C + 5 ⋅ E What Can Appear in an Equation166 12 The Equation Solver Using the Alpha Menu 168 12 The Equation Solver Using a Typing AidSolver Functions Solver Functions for Equations Description DDAYSd1d2cal IFcond expr 1 expr 170 12 The Equation SolverHH.MMSS format Svariable name SIZESSUM-listname Cfr c 1 c 2 s exprSIZECCFLO-listname #TCFLO-listnameflow# 172 12 The Equation Solver Days ≥ = ≤ = ≠  174 12 The Equation Solver Conditional Expressions with ifOperatorKeys VALUE＝FIRST＋1 ⎟ FIRST. If FIRST＝0, then VALUE＝FIRST RatingExamples of Conditional Equations Percent Salary Increase Summation Function ∑ 176 12 The Equation Solver Accessing Cflo and SUM Lists from the Solver Creating Menus for Multiple Equations S Function 178 12 The Equation Solver How the Solver Works Halting and Restarting the Iterative Search 180 12 The Equation Solver Entering Guesses 182 12 The Equation Solver  Printing 184 13 Printing Printing the DisplayP Printer’s Power SourceDouble-Space Printing Printing Printer Menu Labels Printing Other Information @pPrinting Variables, Lists, and Appointments List 186 13 Printing    188 13 Printing Printing Descriptive Messages MSGTrace Printing Trace How to Interrupt the Printer Keys Print-out Simple Annual Interest Additional ExamplesLoans 190 14 Additional Examples Yield of a Discounted or Premium Mortgage Additional Examples 192 14 Additional Examples Figures and stores total Annual Percentage Rate for a Loan with Fees See appendix F for RPN keystrokes for the next two examples 11.5  194 14 Additional Examples @c e Loan with an Odd Partial First Period 196 14 Additional Examples Solver Equation for Odd-Period Calculations Canadian Mortgages 198 14 Additional Examples Solver Equation for Canadian Mortgages Advance Payments Leasing Solver Equation for Advance Payments 200 14 Additional Examples SavingsValue of a Fund with Regular Withdrawals Displays periodic Deposits Needed for a Child’s College Account 202 14 Additional Examples Additional Examples Flow of Withdrawals 204 14 Additional Examples For FLOW1 Value of a Tax-Free Account 206 14 Additional Examples 35  Value of a Taxable Retirement Account 208 14 Additional Examples Modified Internal Rate of Return 210 14 Additional Examples Group No. of Months Cash Flow, $ Flow no FLOW0 V8 /12180000 212 14 Additional Examples 200000 IV13 /12  Price of an Insurance Policy Solver Equation for Insurance Price 214 14 Additional Examples Bonds Discounted Notes 216 14 Additional Examples Statistics Moving Average 218 14 Additional Examples Solver Equation for Moving Averages If necessary Chi-Squared χ2 StatisticsUse 220 14 Additional Examples If the expected values vary Keystroke Display Description Number Answers to Common Questions Assistance, Batteries Memory, and ServiceAssistance, Batteries, Memory, and Service Obtaining Help in Operating the Calculator Assistance, Batteries, Memory, and Service Do not use rechargeable batteries Power and BatteriesLow-Power Indications Installing Batteries Assistance, Batteries, Memory, and Service Managing Calculator Memory Resetting the Calculator Reset hole For the other languages Erasing Continuous MemoryFor English language Environmental Limits Determining If the Calculator Requires ServiceClock Accuracy „ If the calculator won’t turn on Assistance, Batteries, Memory, and Service Confirming Calculator Operation Self-Test Warranty Assistance, Batteries, Memory, and Service Asia Pacific Country Telephone numbers ServiceEurope Country Telephone numbers America Country Telephone numbers HP Invent Japan Regulatory informationCanada Possible Outcomes of Calculating IRR% More About CalculationsIRR% Calculations More About Calculations Halting and Restarting the IRR% Calculation Storing a Guess for IRR% O F I T = P R I C E － C O S T Direct SolutionsSolver Calculations S T = P R I C E － P R O F I T E a ＝ L x W ＝ a R E a ⎟ W Iterative Solutions More About Calculations More About Calculations More About Calculations Equations Used by Built-in Menus Actuarial Functions Amortization Percentage Calculations in Business BUSTime Value of Money TVM NOM %  P Interest Rate ConversionsCash-Flow Calculations NPV ＝ CF0 + ∑CFj x Uspv i% nj x Sppv i% Nj Bond Calculations NUS ＝ Uspv i% N Total ＝ ∑nj ⋅ CFj Depreciation Calculations DB ＝ Basis ⋅ Fact % /100 Model Transformation Sum and StatisticsForecasting − M Equations Used in ChapterSXY = Σ X SX 2 ⋅ SY Modified Internal Rate of Return Odd-Period CalculationsAdvance Payments Menu Maps Menu Maps Figure C-2. Currx Menu Figure C-3. FIN Menu Figure C-3 . FIN Menu Figure C-4. SUM Menu Figure C-5. Time Menu Figure C-6. Solve Menu About RPN on the hp 17bII+ RPN SummaryAbout RPN RPN Summary Setting RPN Mode To select RPN mode Press @  ~ same as Where the RPN Functions AreFunction Definition Key to Use Name Same as Simple Arithmetic Arithmetic Topics Affected by RPN ModeDoing Calculations in RPN ↓. Except in Cflo and SUM lists, Efunction and the key also 27 % To Calculate Press Display Chain Calculations－No Parentheses RPN Mode ALG ModeCalculations with STO and RCL To Calculate Press Display RPN The Stack RPN The StackWhat the Stack Is Reviewing the Stack Roll Down Exchanging the X- and Y-Registers in the Stack Arithmetic－How the Stack Does It How Enter Works Lost Clearing Numbers Retrieving Numbers from Last Reusing NumbersLast X Register Chain Calculations Solution 23 @w13 E9 *-7@t+ Exercises RPN Selected Examples RPN Selected Examples KeysDisplay   Calculates annual interest For E, press =, not #TIMES1 for FLOW1 I11 I  Annual payment deposit    Error Messages Error Messages Error Messages Error Messages                 Error Messages Index IndexSpecial Characters 169 147 156 166 ,  31-32 174-76 144 145149 162-64 116 Examples 181-83229 133 168-71 138-39 213-15 , 72-73 239 242-46 , 132 , 109 , 49, 53 , 52, 128 , 128 , 128 , 128  Memory. See also Continuous Memory 143-44 175 , 101 , 101 , 101 , 157 , 56 , 56 , 56 , 42 92-94 164-67 , 56 , 42 , 18 @p, 186 P PMT. See also Payments in TVM, 63 rounded amortization Repeating appointments past-due, 148 setting 146-47 Using128 243-46 176 171 148 178 133-34 This regulation applies only to The Netherlands