20050401
uu
uu
u PBP
n
: Smallest positive integer that satisfies the conditions NPVn < 0, NPVn+1 > 0, or 0.
•Press 3(CASH) from the Financial 1 screen to display the following input screen for Cash
Flow.
3(CASH)
I% ............................... interest rate (%)
Csh.............................. list for cash flow
If you have not yet input data into a list, press 5('LIST) and input data into a list.
After configuring the parameters, use one of the function menus noted below to perform the
corresponding calculation.
•{NPV} … {net present value}
•{IRR} … {internal rate of return}
•{PBP} … {payback period}
•{NFV} … {net future value}
•{'LIST} … {inputs data into a list}
•{LIST} … {specifies a list for data input}
• An error (Ma ERROR) occurs if parameters are not configured correctly.
7-4-2
Cash Flow (Investment Appraisal)
20050601
PBP =
N
PV
n
=
Σ
{
0 .................................. (
CF
0
> 0)
n –
NPV
n
n
k
= 0
NPV
n
+1
– NPV
n
CF
k
(1
+ i
)
k
(Other than those above)
...