HP 20b Business Consultant Financial Calculator User Manual download pdf (Page 37)

Time Value of Money

Table 3-2 TVM Example

To reset the TVM variables to their default values, press :x. Press < or >

repeatedly until TVM displays. Press I to reset the TVM values, or press O to

cancel. Note: the value for P/YR is not reset; it maintains its current entered value when TVM

Reset is used.

Amortization

Refer to Figure 2 for a menu map of the Amortization menu (Amort). Table 3-3 lists the keys

and variables of the Amortization menu. To open the menu, press

A. The Amortization

menu calculations are based on values stored in the following TVM registers: N, Y,

V, M and [.

To enter values for the TVM variables, enter a number followed by the corresponding key.

For an amortization example, see Table 3-4.

Keys Display Description

12:[

Inputs 12 as the number of payments per year,

or compounding periods per year.

360N

Inputs 360 as the number of payments over 30

years.

6.5Y

Inputs 6.5% as the nominal interest rate

percentage per year.

1400

00V

Inputs the present value of the loan at the time

of the first payment. This value is positive (+); it

is money you receive.

Inputs 0 as the future value of the loan (the

remaining balance).

Returns the monthly payment. This result is

negative (–); it is money you pay out.

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HP 20b Business Consultant Financial Calculator User Manual Page 37