Chapter 14: Applications 405
Pmt_Bgn
Pmt_BgnPmt_Bgn
Pmt_Bgn
Pmt_Bgn (payment beginning) specifies an annuity due, where payments occur at the
beginning of each payment period. Most leases are in this category.
Pmt_Bgn
On the TVM Solver’s PMT:END BEGIN line, select BEGIN to set PMT to annuity due.
Using the TVM VariablesUsing the TVM VariablesUsing the TVM VariablesUsing the TVM Variables
FINANCE VARS Menu
FINANCE VARS MenuFINANCE VARS Menu
FINANCE VARS Menu
To display the FINANCEVARS menu, press Î Œ Í ~. You can use TVM variables
in TVM functions and store values to them on the home screen.
CALC VARS
1: ÚTotal number of payment periods
2: æAnnual interest rate
3: PV Present value
4: PMT Payment amount
5: FV Future value
6: P/Y Number of payment periods per year
7: C/Y Number of compounding periods/year