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| Displays TVM menu. | |
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@c | | Clears history stack and | |||||
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| TVM variables. |
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| Sets one compounding | |||
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e pmt./yr.). Payment mode does not matter.
7.2 | |
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2000 & | | | Stores amount of deposit. | |||||
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3000 | | | Stores future account | |||||
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| balance in FV. |
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| Calculates number of | ||||
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| compounding periods |
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(years) for the account to reach $3,000.
There is no conventional way to interpret results based on a
6 | | | Stores a whole number of |
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Calculates account balance after six years.
Example: An Individual Retirement Account (IRA). You opened an IRA on April 15, 2003, with a deposit of $2,000. Thereafter, you deposit $80.00 into the account at the end of each
72 5: Time Value of Money
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