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76 5: Time Value of Money
File name : English-M02-1-040308(Print).doc Print data : 2004/3/9
Keys: Display: Description:
Displays TVM menu.
@c
Clears history stack and
TVM variables.
12
e
Sets 12 payment periods
per year; Begin mode.
Step 1: Find the present value of the monthly payments.
47 Stores number of payments.
18 Stores annual interest rate.
2400
&
Stores monthly payment.
Calculates present
(capitalized) value of the
47 monthly payments.
Step 2: Add the additional advance payment to PV. Store the answer.
+
2400
=
Calculates present value of
all payments.
s
0 Stores result in register 0.
Step 3: Find the present value of the buy option.
48 Stores number of payment
periods.
15000
&
Stores amount of the buy
option (money paid out).
0 There are no payments.
v