Keys: | Display: | Description: | |||||||
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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 12 payment periods | |||||
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12 |
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| per year; Begin mode. | |||||
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Step 1: Find the present value of the monthly payments. | |||||||||
47 |
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| Stores number of payments. | |||||
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18 |
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| Stores annual interest rate. | |||||
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2400 & | | | Stores monthly payment. | ||||||
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| Calculates present | |||||||
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| (capitalized) value of the |
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| 47 monthly payments. |
Step 2: Add the additional advance payment to PV. Store the answer.
v+2400 = | | Calculates present value of | ||
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| all payments. |
s0 | | Stores result in register 0. | ||
Step 3: Find the present value of the buy option. | ||||
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48 | |
| | Stores number of payment |
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| periods. |
15000 & | | Stores amount of the buy |
option (money paid out).
0 | | | There are no payments. |
76 5: Time Value of Money
File name :