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Chapter 11: Financial Features
•So, the required amount of down payment is
$300,000 – $149,025.29 = $150,974.71.
Using the TVM-SOLVER screen, you can obtain various results
by inputting the known variables and then moving the cursor to
the unknown variable and pressing @ h . The value
where the cursor pointer is placed will be calculated from the
known variables.
Example
Compare the principal interest total when accumulating an
interest of 2.18% monthly on $100 for 5 years with payment due
at the beginning of the period and at the end of the period.
1. Payment due at the beginning of the period
1. Press @ g C 2 and press E.
2. Press @ g A E.
Payment due is now set to
the beginning of the period.
3. Enter the values.
4. Move the cursor to FV and
press @ h.
2. Payment due at the end of the period.
1. Press @ g C 1 and press E.
2. Press @ g A E.
Payment due is now set to
the beginning of the period.
3. Enter the values.
4. Move the cursor to FV and
press @ h.