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When solving for FV, the calculator uses the unrounded value for PMT. 22 Chapter 2: Using the TVM and Amortization Worksheets Entering, Recalling, and Computing TVM Values
You enter a TVM value by keying in a value and pressing the appropriate
TVM key (,,
,
,
, or 0).
You recall a TVM value to the display by pressing and the TVM key. When you enter or recall a value for any of the five TVM variables (N, I/Y,
PV, PMT, or FV), you can be in either the standardcalculator mode or a
promptedworksheet mode. The display responds differently according to
the mode you are in.
In the standardcalculator mode (accessed by pressing
), the
variable label, the = sign, and the value you entered or recalled are
displayed.
In the promptedworksheet mode, only the value you entered or recalled
is displayed. Any label previously in the display remains.
To compute a TVM value, press
and the appropriate TVM key. When
you compute a TVM value, you must be in the standardcalculator mode.
Press
to return to the standardcalculator mode. Entering a Value for N using
You can use the
key sequence to enter a value for N. Pressing
automatically multiplies a displayed number by the value stored in the
P/Y variable (number of payments per year.
By entering the number of years (for example, 30) and pressing
,
you can calculate the number of payments required to pay off an annuity.
Then press , to enter that value as the number of payments in a TVM
calculation. Entering Inflows and Outflows
The calculator follows the established convention of treating inflows of
cash (cash received) as positive and outflows of cash (cash paid out) as
negative.
You must enter inflows as positive values and outflows as negative
values.
The calculator displays computed inflows as positive values and
computed outflows as negative values.
loan
amount 23,000
Enter inflows as positive
Time 400
400
Pmt 1 Pmt 2 400
400
Pmt 34 Pmt 35 Balloon
Pmt
15,000 Chapter 2: Using the TVM and Amortization Worksheets 23 Steps in a TVM Calculation
The worksheet stores the values and settings you enter until you clear the...
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This homework help was uploaded on 04/03/2014 for the course ECON 203 taught by Professor Petry during the Summer '09 term at University of Illinois, Urbana Champaign.
 Summer '09
 PETRY

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