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Time Value of Money
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Table 3-2 TVM Example
To reset the TVM variables to their default values, press :x. Press < or >
repeatedly until TVM displays. Press I to reset the TVM values, or press O to
cancel. Note: the value for P/YR is not reset; it maintains its current entered value when TVM
Reset is used.
Amortization
Refer to Figure 2 for a menu map of the Amortization menu (Amort). Table 3-3 lists the keys
and variables of the Amortization menu. To open the menu, press
A. The Amortization
menu calculations are based on values stored in the following TVM registers: N, Y,
V, M and [.
To enter values for the TVM variables, enter a number followed by the corresponding key.
For an amortization example, see Table 3-4.
Keys Display Description
12:[
Inputs 12 as the number of payments per year,
or compounding periods per year.
360N
Inputs 360 as the number of payments over 30
years.
6.5Y
Inputs 6.5% as the nominal interest rate
percentage per year.
1400
00V
Inputs the present value of the loan at the time
of the first payment. This value is positive (+); it
is money you receive.
0F
Inputs 0 as the future value of the loan (the
remaining balance).
M
Returns the monthly payment. This result is
negative (–); it is money you pay out.