22
TVM (Time
V
alue of Mone
y) Solver
Analyz
e equal and regular cash fl
o
w
s
. These include calcula-
tions f
or mor
tgages
, loans
, leases
, sa
vings
, ann
uities
, and
contr
acts or in
v
estments with regular pa
yments
.
Note:
Discounted cash fl
o
w
analysis can be done using un-
equal cash fl
o
w
s (see page 37).
An amor
tization schedule can be calculated using the
inf
or
mation stored in the
TVM solv
er (see page 33).
V
ariab
les used in the
TVM solver
V
ariab
le
Corresponding
v
ariab
le ke
y
Description
Default
v
alue
N
N
T
otal n
umber of pa
yments
1
I/Y
f
Interest r
ate per y
ear
0
PV
v
Present v
alue
0
PMT
u
P
a
yment
0
FV
T
Future v
alue
0
P/Y
.
w
Number of pa
yments per y
ear
1
C/Y
.
w
i
Number of compounding
per
iods per y
ear
1
Setting the pa
yment period (pa
yment due)
Y
ou can toggle betw
een ordinar
y ann
uity (pa
yment at the end
of the per
iod) and ann
uity due (pa
yment at the beginning of the
per
iod) using
.
"
. The def
ault setting is ordinar
y ann
uity
(
BGN
is not displa
y
ed).
Ref
er to page 28 f
or details
.
Basic operations
Ref
er to page 19 f
or basic v
a
riab
le oper
ations
.
1.
Press
s
to clear the displa
y.
•
Mak
e sure the calculator is in NORMAL mode
.
•
All the
TVM solv
er v
a
riab
les retain their pre
viously entered
v
alues
. If y
ou wish to clear all the data, press
.
b
.
2.
Select ordinar
y ann
uity or ann
uity due using
.
"
.
3 Financial FunctionsCurrent.indd 22
06.7.10 8:38:12 PM