Keys:

Display:

Description:

 

 

 

 

 

 

 

Displays TVM menu.

 

 

@c

   

Clears history stack and

 

 

 

 

 

 

 

 

 

TVM variables.

 

 

 

 

Sets 12 payment periods

 

 

 

12

 

 

 

per year; Begin mode.

 

 

 

 

e   

 

 

 

 

 

 

 

 

 



 

Step 1: Find the present value of the monthly payments.

47

 

 

 

Stores number of payments.

 



18

 

 

 

Stores annual interest rate.

 



 

 

2400 &



Stores monthly payment.

 

 

Calculates present

 



 

 

 

 

 

 

 

 

 

(capitalized) value of the

 

 

 

 

 

 

 

 

 

47 monthly payments.

Step 2: Add the additional advance payment to PV. Store the answer.

v+2400 =



Calculates present value of

 

 

 

 

all payments.

s0



Stores result in register 0.

Step 3: Find the present value of the buy option.

 

 

 

48

 



Stores number of payment

 

 

 

 

periods.

15000 &

Stores amount of the buy

 option (money paid out).

0



There are no payments.

76 5: Time Value of Money

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