Table
Menu Label | Description |
First Level
Stores (or calculates) the total number of payments or compounding periods.*† (For a
@ | | Shortcut for N: Multiplies the number in the display by |
|
| P/YR, and stores the result in N. (If P/YR were 12, then |
30 @ would set N=360.)
Storesas a percentage.(or calculates) the nominal annual interest rate
Stores (or calculates) the present
Stores (or calculates) the dollar amount of each periodic payment. All payments are equal, and no payments are skipped. (If the payments are unequal, use CFLO, not TVM.) Payments can occur at the beginning or end of each period. If PMT represents money paid out, it is negative.
Stores (or calculates) the future
e
Second Level
Specifies the number of payments or compounding periods per year.† (it must be an integer, 1 through 999.)
*When a
†The number of payment periods must equal the number of compounding periods. If this is not true, see page 87. For Canadian mortgages, see page 197.
5: Time Value of Money 63
File name :