Miscellaneous Programs and Equations
17-1
17
Miscellaneous Programs and Equations
Time Value of Money
Given any four of the five values in the "Time–Value–of–Money equation" (TVM),
you can solve for the fifth value. This equation is useful in a wide variety of financial
applications such as consumer and home loans and savings accounts.
The TVM equation is:
The signs of the cash values (balance,
B
; payment,
P
; and future balance,
F
)
correspond to the direction of the cash flow. Money that you receive has a positive
sign while money that you pay has a negative sign. Note that any problem can be
viewed from two perspectives. The lender and the borrower view the same problem
with reversed signs.
0
100
1
100
100
1
1
=
+
+
+
⎥
⎦
⎤
⎢
⎣
⎡
+
−
−
−
B
))
I
(
(
F
I
)
I
(
P
N
N
Balance, B
Future Value, F
Payments , P
N_1
N
1
2
3
Summary of Contents for 35s
Page 1: ...HP 35s scientific calculator user s guide H Edition 1 HP part number F2215AA 90001 ...
Page 14: ...12 Contents ...
Page 15: ...Part 1 Basic Operation ...
Page 16: ......
Page 46: ...1 30 Getting Started ...
Page 63: ...RPN The Automatic Memory Stack 2 17 A Solution ...
Page 64: ...2 18 RPN The Automatic Memory Stack ...
Page 74: ...3 10 Storing Data into Variables ...
Page 180: ...12 14 Statistical Operations ...
Page 181: ...Part 2 Programming ...
Page 182: ......
Page 246: ...15 12 Solving and Integrating Programs ...
Page 270: ...16 24 Statistics Programs ...
Page 284: ...17 14 Miscellaneous Programs and Equations ...
Page 285: ...Part 3 Appendixes and Reference ...
Page 286: ......
Page 308: ...B 8 User Memory and the Stack ...
Page 322: ...C 14 ALG Summary ...
Page 336: ...D 14 More about Solving ...
Page 346: ...E 10 More about Integration ...
Page 352: ...F 6 Messages ...
Page 370: ...G 18 Operation Index ...
Page 382: ...Index 12 ...