HP 20b Consultant Financial manual Time Value of Money

Time Value of Money

Table 4-3 TVM Keys

KeysDescription

F

Stores or calculates the future value (FV), a final cash flow. FV always occurs at the end of the last compounding period.

?Sets Begin mode (Beg). Payments occur at the beginning of each compounding period.

]	Sets End mode (End). Payments occur at the end of each
	compounding period.

You borrow $140,000.00 from a credit union for 30 years (360 months) at 6.5% annual interest, compounded monthly. What is your monthly payment to the credit union? Note: at the end of the 30 years, you expect to have a zero balance (FV=0 ). The example below in Table 4-4 is shown with RPN as the active operating mode.

Table 4-4TVM Example

Keys Display Description

12:[

Inputs 12 as the current value for the number of payments, or compounding periods.

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