FV is | HP 17bII manual

(receipts) as positive. Perform a calculation from the point of view of either the lender (investor) or the borrower, but not both!

(Loan)

Money re- ceived is a positive number

1

Money paid out is a negative number

Equal periods

2	3	4

Equal payments

5	PMT

(FV is

Future Value, if any; e.g.

aballoon payment)

Figure 5-3. A Cash Flow Diagram for a Loan from Borrower’s

Point of View (End Mode)

Loan

1

2

3

4

5

Figure 5-4. A Cash Flow Diagram for a Loan from Lender’s

Point of View (End Mode)

5: Time Value of Money 65

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

Image 65

HP 17bII manual FV is

Contents

Hp 17bII+ Financial Calculator Edition June January Printing History Welcome to the hp17bII+ Welcome to the hp 17bII+ Contents Using Parentheses in Calculations Error MessagesPower Function Exponentiation Saving and Reusing Numbers Cash Flow Calculations Time Value of MoneyInterest Rate Conversions Depreciation Bonds10 121 Running Total and Statistics 11 141 Time, Appointments, and Date Arithmetic 12 153 The Equation Solver 14 190 Additional Examples More About Calculations Assistance, Batteries, Memory, and Service RPN The Stack Menu Maps RPN Summary RPN Selected Examples Error Messages Index List of Examples List of ExamplesGeneral Business Calculations Currency Exchange Calculations Interest Rate Conversions How to Use the Equation Solver Time, Alarms, and Date ArithmeticBonds and Notes Running Total and Statistical Calculations Important Information Important Information Adjusting the Display Contrast Power On and Off Continuous MemoryGetting Started Getting Started What You See in the Display Setting the LanguageKeys for language Key Description 18 1 Getting Started Backspacing and Clearing Shift Key @ 20 1 Getting Started Keys for ClearingKeys Display Description Keys DisplayDescription Doing Arithmetic 22 1 Getting Started Using the Menu KeysKeying in Negative Numbers Menu Labels Menu Keys Main Menu 24 1 Getting Started Main Menu Menu Label Operations Done Covered This Category 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 = Cost Solving Your Own Equations Solve 30 1 Getting Started Typing Words and Characters the ALPHAbetic Menu Keys Editing ALPHAbetic Text      Characters Alphabetic Editing Operation Label or Key to Press Calculating the Answer CalcKeyboard 32 1 Getting Started KeysDisplayDescription Decimal Places Controlling the Display FormatInternal Precision Temporarily SHOWing ALL Exchanging Periods and Commas in Numbers Rounding a Number Modes Error Messages36 1 Getting Started Double Space. Press Number of bytes Percentage of total Memory still free Calculator Memory @M Calculator Line ArithmeticVDoing Calculations 38 2 Arithmetic Arithmetic VUsing Parentheses in CalculationsKeys Display 40 2 Arithmetic VThe Percent KeyMathematical Functions Key VThe Power Function ExponentiationShifted Math Functions Math Menu Labels Math Menu42 2 Arithmetic Description History Stack of Numbers Saving and Reusing Numbers 44 2 Arithmetic VReusing the Last Result @LVKeys Display VKeys Display Description Storing and Recalling Numbers Arithmetic in Registers Keys New Register ContentsDoing Arithmetic Inside Registers and Variables Scientific Notation 48 2 Arithmetic Range of Numbers Business Percentages BUS Menus Description Percentage Calculations Business Examples Using the BUS Menus Using the BUS MenusPercent Change %CHG 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 Currx Menu Selecting a Set of CurrenciesCurrency Exchange Calculation Menu Key Currencies Entering a Rate United States Conversion Chart in US$Currency Rate Select CAN$ as currency Select HK$ as currency 58 4 Currency Exchange Calculation Example Converting between Hong Kong and U.S Dollars Converting Between Two CurrenciesStoring and Recalling Sets of Currencies 60 4 Currency Exchange Calculation Clearing the Currency Variables Time Value of Money Time Value of MoneyTVM Menu Second Level of TVM First Level of TVM First Level TVM Menu LabelsSecond Level Shortcut for N Multiplies the number in the display by 64 5 Time Value of Money Cash Flow Diagrams and Signs of Numbers FV is 66 5 Time Value of Money Using the TVM Menu Loan Calculations Figures and stores number 68 5 Time Value of Money @c  Figures and stores 70 5 Time Value of Money 000 Savings Calculations 72 5 Time Value of Money Figures and stores number 74 5 Time Value of Money Leasing Calculations  76 5 Time Value of Money Amortization Amrt Amrt Menu Labels Displaying an Amortization ScheduleLabel 78 5 Time Value of Money Time Value of Money Next successive set of payments authorized 80 5 Time Value of Money First year 82 5 Time Value of Money Printing an Amortization Table Table Calculates and prints 84 6 Interest Rate Conversions 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 92 7 Cash Flow Calculations Cflo Menu Labels Cash Flows Ungrouped 94 7 Cash Flow Calculations Creating a Cash-Flow List For grouped cash flows The display now shows Entering Cash Flows 96 7 Cash Flow Calculations Prompting for #TIMES #T?. When the calculator displays Display Description Viewing and Correcting the List Naming and Renaming a Cash-Flow List Copying a Number from a List to the Calculator Line98 7 Cash Flow Calculations 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 100 7 Cash Flow Calculations Cash-Flow Calculations IRR, NPV, NUS, NFV Calc Menu for Cflo Lists Menu Label 102 7 Cash Flow Calculations Calculates NPV 104 7 Cash Flow Calculations Group Number Amount 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 Depreciation Deprc Menu Labels DB, SOYD, and SL Methods Doing Depreciation Calculations116 9 Depreciation To calculate the depreciation for an asset Basis Salv 4,000 118 9 Depreciation Acrs MethodYear Percentage Deductible Keys Display Description Partial-Year Depreciation 120 9 Depreciation Calendar Year Depreciation Value Running Total and Statistics Running Total and Statistics 122 10 Running Total and Statistics SUM MenuSUM Menu Labels Entering Numbers and Viewing the Total Creating a SUM List 124 10 Running Total and Statistics Transaction DateAmount Date 126 10 Running Total and Statistics Naming and Renaming a SUM List Doing Statistical Calculations Calc Clearing a SUM List and Its Name 128 10 Running Total and Statistics Calculations with One VariableCalc Menu for SUM Lists Menu Key Expense Month Phone 130 10 Running Total and Statistics Calculations with Two Variables Frcst Calc Total Mean Medn Stdev Range More MIN MAX Sort Frcst 132 10 Running Total and Statistics Frcst Menu Labels Logarithmic Curve Fit Curve Fitting and Forecasting To do curve fitting and forecasting 134 10 Running Total and Statistics Advertising Values Number of Minutes Dollar SalesRadio Minutes 136 10 Running Total and Statistics Minutes 138 10 Running Total and Statistics Weighted Mean and Grouped Standard Deviation Rent Summation Statistics 140 10 Running Total and Statistics Doing Other Calculations with SUM Data Time, Appointments, and Date Arithmetic Time, Appointments, Date ArithmeticViewing the Time and Date 142 11 Time, Appointments, and Date Arithmetic Time MenuTime Menu Labels SET Menu Labels Setting the Time and Date SETMenu Label Description 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 146 11 Time, Appointments, and Date Arithmetic To set an appointment or view its current setting Acknowledging an Appointment Clearing Appointments Unacknowledged Appointments148 11 Time, Appointments, and Date Arithmetic To acknowledge a past-due appointment Date Arithmetic Calc Calculating the Number of Days between Dates Determining the Day of the Week for Any DateCalc Menu Labels for Date Arithmetic 150 11 Time, Appointments, and Date Arithmetic Calculating Past or Future Dates DATE2 152 11 Time, Appointments, and Date Arithmetic Equation Solver Equation SolverSolver Example Sales Forecasts Next =OLD 154 12 The Equation Solver 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 Eqty 160 12 The Equation Solver Naming an Equation Editing an Equation Edit Shared Variables Finding an Equation in the Solver ListClearing Variables 162 12 The Equation Solver Deleting a variable is quite different from clearing it Deleting Variables and Equations Deleting One Equation or Its Variables Delet Writing EquationsDeleting All Equations or All Variables in the Solver @c 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 DDAYSd1d2cal Solver Functions for Equations Description HH.MMSS format 170 12 The Equation SolverIFcond expr 1 expr Svariable name SIZECCFLO-listname Cfr c 1 c 2 s exprSIZESSUM-listname #TCFLO-listnameflow# 172 12 The Equation Solver Days ≥ = ≤ = ≠  174 12 The Equation Solver Conditional Expressions with ifOperatorKeys Examples of Conditional Equations RatingVALUE＝FIRST＋1 ⎟ FIRST. If FIRST＝0, then VALUE＝FIRST Percent Salary Increase 176 12 The Equation Solver Summation Function ∑ Accessing Cflo and SUM Lists from the Solver 178 12 The Equation Solver Creating Menus for Multiple Equations S Function How the Solver Works 180 12 The Equation Solver Halting and Restarting the Iterative Search Entering Guesses 182 12 The Equation Solver  184 13 Printing Printing Double-Space Printing Printer’s Power SourcePrinting the DisplayP Printing Printing Variables, Lists, and Appointments List Printing Other Information @pPrinter Menu Labels 186 13 Printing    188 13 Printing Printing Descriptive Messages MSGTrace Printing Trace Keys Print-out How to Interrupt the Printer Loans Additional ExamplesSimple Annual Interest 190 14 Additional Examples Additional Examples Yield of a Discounted or Premium Mortgage Figures and stores total 192 14 Additional Examples See appendix F for RPN keystrokes for the next two examples Annual Percentage Rate for a Loan with Fees 194 14 Additional Examples 11.5  Loan with an Odd Partial First Period @c e Solver Equation for Odd-Period Calculations 196 14 Additional Examples Canadian Mortgages Solver Equation for Canadian Mortgages 198 14 Additional Examples Solver Equation for Advance Payments Advance Payments Leasing 200 14 Additional Examples SavingsValue of a Fund with Regular Withdrawals Displays periodic 202 14 Additional Examples Deposits Needed for a Child’s College Account Additional Examples 204 14 Additional Examples Flow of Withdrawals For FLOW1 206 14 Additional Examples Value of a Tax-Free Account 35  208 14 Additional Examples Value of a Taxable Retirement Account Modified Internal Rate of Return Group No. of Months Cash Flow, $ Flow no 210 14 Additional Examples FLOW0 V8 /12180000 212 14 Additional Examples 200000 IV13 /12  Solver Equation for Insurance Price Price of an Insurance Policy 214 14 Additional Examples Bonds 216 14 Additional Examples Discounted Notes Moving Average Statistics Solver Equation for Moving Averages 218 14 Additional Examples If necessary Chi-Squared χ2 StatisticsUse If the expected values vary 220 14 Additional Examples Number Keystroke Display Description Assistance, Batteries, Memory, and Service Assistance, Batteries Memory, and ServiceAnswers to Common Questions 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 Reset hole Resetting the Calculator For the other languages Erasing Continuous MemoryFor English language Clock Accuracy Determining If the Calculator Requires ServiceEnvironmental Limits „ If the calculator won’t turn on Assistance, Batteries, Memory, and Service Confirming Calculator Operation Self-Test Warranty Assistance, Batteries, Memory, and Service Europe Country Telephone numbers ServiceAsia Pacific Country Telephone numbers America Country Telephone numbers HP Invent Japan Regulatory informationCanada IRR% Calculations More About CalculationsPossible Outcomes of Calculating IRR% More About Calculations Storing a Guess for IRR% Halting and Restarting the IRR% Calculation Solver Calculations Direct SolutionsO F I T = P R I C E － C O S T S T = P R I C E － P R O F I T ＝ a R E a ⎟ W E a ＝ L x W Iterative Solutions More About Calculations More About Calculations More About Calculations Actuarial Functions Equations Used by Built-in Menus Amortization Percentage Calculations in Business BUSTime Value of Money TVM Cash-Flow Calculations Interest Rate ConversionsNOM %  P NPV ＝ CF0 + ∑CFj x Uspv i% nj x Sppv i% Nj NUS ＝ Uspv i% N Total ＝ ∑nj ⋅ CFj Bond Calculations DB ＝ Basis ⋅ Fact % /100 Depreciation Calculations Model Transformation Sum and StatisticsForecasting SXY = Σ X Equations Used in Chapter− M 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 RPN SummaryAbout RPN on the hp 17bII+ RPN Summary To select RPN mode Press @  Setting RPN Mode Function Definition Key to Use Name Where the RPN Functions Are~ same as Same as Doing Calculations in RPN Arithmetic Topics Affected by RPN ModeSimple Arithmetic ↓. Except in Cflo and SUM lists, Efunction and the key also To Calculate Press Display 27 % Chain Calculations－No Parentheses RPN Mode ALG ModeCalculations with STO and RCL Display To Calculate Press RPN The Stack RPN The StackWhat the Stack Is Exchanging the X- and Y-Registers in the Stack Reviewing the Stack Roll Down Arithmetic－How the Stack Does It Lost How Enter Works Clearing Numbers Retrieving Numbers from Last Reusing NumbersLast X Register Chain Calculations Exercises Solution 23 @w13 E9 *-7@t+ RPN Selected Examples RPN Selected Examples   KeysDisplay Calculates annual interest #TIMES1 for FLOW1 For E, press =, not I11 I  Annual payment deposit    Error Messages Error Messages Error Messages Error Messages                 Error Messages Index IndexSpecial Characters 147 169 166 156 ,  174-76 31-32 144 145149 116 162-64 229 181-83Examples 133 138-39 168-71 72-73 , 213-15 239 , 132 , 109 , 49, 53 , 52, 128 , 128 , 128 , 128  242-46 143-44 Memory. See also Continuous Memory 92-94 , 101 , 101 , 101 , 157 , 56 , 56 , 56 , 42 175 164-67 , 56 , 42 , 18 @p, 186 P PMT. See also Payments in TVM, 63 rounded amortization Repeating appointments past-due, 148 setting 146-47 Using128 176 243-46 171 178 148 133-34 This regulation applies only to The Netherlands