5: Time Value of Money
79
2.
Store the values for
I%YR
,
PV
, and
PMT
. (Press
&
to make
PMT
a
negative number.) If you need to calculate one of these values, follow
the instructions under “Using the TVM Menu,” on page 66. Then go
on to step 3.
3.
Press
.
to display the rest of the TVM menu.
4.
If necessary, change the number of payment periods per year stored
in
Y
.
5.
If necessary, change the payment mode by pressing
JH=
or
H<A
.
(Most loan calculations use End mode.)
6.
Press
\
. (If you want to
the amortization schedule, go to
page 82 to continue.)
7.
Key in the number of payments to be amortized at one time and press
^
. For example, to see a year of monthly payments at one time,
set
#P
to 12. To amortize the entire life of a loan at one time, set
#P
equal to the total number of payments (
N
).
If
#P
= 12, the display would show:
Current set of
payments to be amortized
Number of payments
amortized at one time
Press to see results
8.
To display the results, press,
_
,
`
and
a
(or press
]
to view the results from the stack).
9.
To continue calculating the schedule for
subsequent
payments, do
a
or
b
. To start the schedule over, do
c
.
a.
To calculate the next
successive
amortization schedule, with the
same number of payments, press
b
.