Time Value of Money

With TVM Canada enabled in the Mode menu, the following TVM features change:

1.The P/YR key,:[, now opens a menu with two items, P/YR and C/YR, in which you can specify the number of payments and compounding periods per year. Press <or >to scroll through the menu. See Figure 4.

2.To change the value of an item, with the item displayed, enter the number desired followed by I.

3.In the Interest Conversion menu, the C/YR item has the same value as the C/YR item in the P/YR menu, and C/YR and no longer affects P/YR.

4.Note, however, if you now change the value of P/YR, the calculator automatically sets C/YR so it equals your new value assigned to P/YR. This means that if you modify P/YR, you also need to modify C/YR, if P/YR and C/YR are different values in your TVM problem.

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HP 20B manual