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Unformatted text preview: nter/compute FV Future value Enter/compute P/Y Number of payments per year Enteronly C/Y Number of compounding
periods per year Enteronly END Endofperiod payments Setting BGN Beginningofperiod payments Setting P1 Starting payment Enteronly P2 Ending payment Enteronly BAL Balance Autocompute PRN Principal paid Autocompute INT Interest paid Autocompute 0 \ Chapter 2: Using the TVM and Amortization Worksheets 21 Notes about the TVM and Amortization Worksheets
sets N, I/Y, PV, PMT, and FV to zero; does not affect P/Y, C/Y, or
the BGN/END setting.
sets P/Y and C/Y to 12.
sets END (not BGN).
\ sets P1 and P2 to 1, and BAL, PRN, and INT to zero. sets N, I/Y, PV, PMT, and FV to zero; P/Y and C/Y to 12; END
(not BGN); P1 and P2 to 1; and BAL, PRN, and INT to zero.
When solving a problem using only four of the five TVM variables, make
sure the unused variable is zero.
Enter values for PV, PMT, and FV as negative if they are outflows (cash paid
out) or as positive if they are inflows (cash received). Use
to enter a
negative value.
Enter I/Y as the nominal interest rate. The TVM worksheet automatically
converts I/Y to a “per period” rate based on the values for P/Y and C/Y.
When you enter a value for P/Y, the same value is automatically entered for
C/Y. (You can change C/Y.) The END/BGN setting lets you specify whether the transaction is an
ordinary annuity or an annuity due.
In ordinary annuities, the payments occur at the end of each payment
period. Most loans are in this category. For ordinary annuities, select
END.
In annuities due, payments occur at the beginning of each payment
period. Most leases are in this category. For annuities due, select BGN.
Pressing
when P1 or P2 is displayed updates P1 and P2 to represent the
next range of payments.
A computed value for BAL after a specified number of payments may be
slightly different than a computed value for FV after the same number of
payments.
When solving for BAL, PRN, and INT, the calculator uses the PMT value
rounded to the number of decimal places specified by 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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