24
Pr
ocedure
K
e
y
operation
Displa
y
Set all the v
a
riab
les to
def
ault v
alues
.
.
b
000
Mak
e sure ordinar
y ann
uity is set (
BGN
is not displa
y
ed).
Set the n
umber of pa
y-
ments per y
ear to 12.
.
w
12
Q
P/Y=
1200
The n
umber of compounding per
iods per y
ear is automatically set to the
same v
alue as P/Y
.
Confi
r
m
the n
umber of
compounding per
iods
per y
ear
.
i
C/Y=
1200
Quit the P/Y and C/Y
settings
.
s
000
Calculate the total n
um-
ber of pa
yments and
store in N.
20
.
<
N
ANS~N
24000
Enter the present v
alue
.
56000
v
56———~PV
5600000
Enter pa
yment.
,
440
u
(-44—)~PMT
-44000
Enter the future v
alue
.
0
T
—~FV
000
Calculate the ann
ual
interest r
ate
.
@
f
I/Y=
717
Ans
wer:
The ann
ual interest r
ate is 7.17%.
Note:
If y
ou mak
e a mistak
e
, press
L
to er
ase the n
umber
and enter the correct n
umber to contin
ue
.
After pressing the
TVM v
a
riab
le k
e
y, y
ou m
ust re-enter
v
alues from the beginning.
3 Financial FunctionsCurrent.indd 24
06.7.10 8:38:14 PM