Chapter 14: Applications 391
Using the TVM Solver Using the TVM Solver Using the TVM Solver Using the TVM Solver Using the TVM Solver
Using the TVM Solver Using the TVM Solver
Using the TVM Solver
The TVM Solver displays the time-value-of-money (TVM) variables. Given four variable
values, the TVM Solver solves for the fifth variable.
The FINANCE VARS menu section describes the five TVM variables (Ú, æ, PV, PMT, and
FV) and P/Y and C/Y.
PMT: END BEGIN in the TVM Solver corresponds to the FINANCECALC menu items
Pmt_End (payment at the end of each period) and Pmt_Bgn (payment at the beginning of
each period).
To solve for an unknown TVM variable, follow these steps.
1. Press Œ Í Í to display the TVM Solver. The screen below shows the
default values with the fixed-decimal mode set to two decimal places.
2. Enter the known values for four TVM variables.
Note: Enter cash inflows as positive numbers and cash outflows as negative
numbers.