Sharp EL-738 TVM Time Value of Money Solver, Variables used in the TVM solver, Basic operations

TVM (Time Value of Money) Solver

Analyze equal and regular cash flows. These include calcula- tions for mortgages, loans, leases, savings, annuities, and contracts or investments with regular payments.

Note: Discounted cash flow analysis can be done using un- equal cash flows (see page 37).

An amortization schedule can be calculated using the information stored in the TVM solver (see page 33).

Variables used in the TVM solver

Variable	Corresponding	Description	Default
	variable key		value
N	N	Total number of payments	1
I/Y	f	Interest rate per year	0
PV	v	Present value	0
PMT	u	Payment	0
FV	T	Future value	0
P/Y	.w	Number of payments per year	1
C/Y	.wi	Number of compounding	1
		periods per year

Setting the payment period (payment due)

You can toggle between ordinary annuity (payment at the end of the period) and annuity due (payment at the beginning of the period) using .". The default setting is ordinary annuity (BGN is not displayed).

Refer to page 28 for details.

Basic operations

Refer to page 19 for basic variable operations.

1.Press sto clear the display.

•Make sure the calculator is in NORMAL mode.

•All the TVM solver variables retain their previously entered values. If you wish to clear all the data, press .b.

2.Select ordinary annuity or annuity due using .".

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