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Unformatted text preview: worksheet or change the values or settings. Therefore, you may not need to
do all the steps in the procedure every time you calculate a TVM problem. Procedure: Using the TVM Worksheet
1. Press
2. Press
per year. to clear the worksheet.
to enter payments per year and/or compounding periods The P/Y label and current value are displayed. (The default value is 12.)
If necessary, key in the number of payments per year and press
.
3. Press . The C/Y label and current value and displayed. (The default
value is 12.) When you entered a value for P/Y, the same value was
automatically entered for C/Y.
If necessary, key in a new value for the number of compounding periods
per year and press
.
4. Press
to select beginningofperiod payments or endofperiod
payments. (END is the default setting.)
To select endofperiod payments, press repeatedly until END is displayed. To select beginningofperiod payments, press
until BGN is displayed. repeatedly If you select beginningofperiod payments, the BGN indicator is
displayed. If you select endofperiod payments, the BGN indicator is not
displayed.
5. Press to return to the standardcalculator mode. 6. Enter values for at least three variables. For example, enter values for
PV, I/Y, and N.
To enter a value for a variable, key the value into the display and press
the appropriate key. For example, to enter $60,000 as the present value,
key in a value of 60,000 and press
. PV = 60,000.00 is displayed.
Note: Make sure the unused variable (in this case, FV) is zero. Pressing
0 stores zero to FV. 7. Compute a value for the unknown variable. To compute a value, press
and the appropriate key.
Example: To compute and display a value for payment (PMT), press
. PMT = and the computed value for the payment amount are displayed. 24 Chapter 2: Using the TVM and Amortization Worksheets Steps in an Amortization Calculation
The prompted worksheet for amortization calculations uses the values you
entered and computed in the TVM worksheet to compute amortization...
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 Summer '09
 PETRY

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