Table 3-2 TVM Example

KeysDisplayDescription

12:[

 

Inputs 12 as the number of payments per year,

 

 

or compounding periods per year.

 

 

 

 

 

 

360N

Inputs 360 as the number of payments over 30 years.

6.5Y

Inputs 6.5% as the nominal interest rate percentage per year.

1400

00V

Inputs the present value of the loan at the time of the first payment. This value is positive (+); it is money you receive.

0F

Inputs 0 as the future value of the loan (the remaining balance).

M

Returns the monthly payment. This result is negative (–); it is money you pay out.

To reset the TVM variables to their default values, press :x. Press <or >

repeatedly until TVM displays. Press Ito reset the TVM values, or press Oto

cancel. Note: the value for P/YR is not reset; it maintains its current entered value when TVM Reset is used.

Amortization

Refer to Figure 2 for a menu map of the Amortization menu (Amort). Table 3-3lists the keys and variables of the Amortization menu. To open the menu, press A. The Amortization menu calculations are based on values stored in the following TVM registers: N, Y, V, Mand [.

To enter values for the TVM variables, enter a number followed by the corresponding key. For an amortization example, see Table 3-4.

Time Value of Money 29

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HP 30b Professional, 20b Consultant Financial manual 360N, 1400 00V, Amortization
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30b Professional, 20b Consultant Financial specifications

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