22
TVM (Time Value of Money) Solver
Analyze equal and regular cash fl ows. These include calcula-
tions for mortgages, loans, leases, savings, annuities, and
contracts or investments with regular payments.
Note: Discounted cash fl ow analysis can be done using un-
equal cash fl ows (see page 37).
An amortization schedule can be calculated using the
information stored in the TVM solver (see page 33).
Variables used in the TVM solver
Variable
Corresponding
variable key
Description
Default
value
N
N
Total number of payments 1
I/Y
f
Interest rate per year 0
PV
Present value 0
PMT
u
Payment 0
FV
t
Future value 0
P/Y
.
w
Number of payments per year 1
C/Y
.
w
i
Number of compounding
periods per year
1
Setting the payment period (payment due)
You can toggle between ordinary annuity (payment at the end
of the period) and annuity due (payment at the beginning of the
period) using
.
"
. The default setting is ordinary annuity
(BGN is not displayed).
Refer to page 28 for details.
Basic operations
Refer to page 19 for basic variable operations.
1. Press
s
to clear the display.
• Make sure the calculator is in NORMAL mode.
• All the TVM solver variables retain their previously entered
values. If you wish to clear all the data, press
.
b
.
2. Select ordinary annuity or annuity due using
.
"
.
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