Remarks:

The TVM equation requires that I must be non–zero to avoid a # & error. If you're solving for I and aren't sure of its current value, press 1 H I before you begin the SOLVE calculation ( {œI ).

The order in which you're prompted for values depends upon the variable you're solving for.

SOLVE instructions:

1.If your first TVM calculation is to solve for interest rate, I, press 1 HI.

2.Press {G. If necessary, press z—or z˜to scroll through the equation list until you come to the TVM equation.

3.Do one of the following five operations:

a.Press { œ N to calculate the number of compounding periods.

b.Press {œI to calculate periodic interest.

For monthly payments, the result returned for I is the monthly interest rate, i; press 12 yto see the annual interest rate.

c.Press {œB to calculate initial balance of a loan or savings account.

d.Press {œP to calculate periodic payment.

e.Press {œF to calculate future value or balance of a loan.

4.Key in the values of the four known variables as they are prompted for; press fafter each value.

5.When you press the last f, the value of the unknown variable is calculated and displayed.

6.To calculate a new variable, or recalculate the carne variable using different data, go back to step 2.

SOLVE works effectively in this application without initial guesses.

Miscellaneous Programs and Equations 17–3

File name 32sii-Manual-E-0424

 

Printed Date : 2003/4/24

Size : 17.7 x 25.2 cm