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2. Try it! 2
If the monthly payments in the first example is limit to a fixed $800, how much
must be the present value (PV) and the required amount of down payment.
+
(
)
PV = 300,000 – down payment
Cash flow
–
(
)
1. Press @ ; C 2 D 2
Set the TAB and
FSE (2 and FIX
respectively)
2. Press C @ g
3. Press } three times to move the cursor to PMT.
4. Press _ 800 and E.
5. Move the cursor to PV.
6. Press @ h .
7. PV will change to 149025.29
I = 5%
Time flow
1
2
3
PMT = 800
TAB is set to 2 and FSE is set to FIX.
A and E.
The previous TVM-SOLVER
screen will appear with the
cursor flashing on N.
Be sure to enter the minus
sign to indicate payment.
• This indicates that the
total amount over 30 years
will be $149,025.29 if the
maximum monthly payment
is limited to $800.
Chapter 9: Financial Features
FV = 0
358
359
N = 360
189
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