Miscellaneous Programs And Equations; Time Value Of Money - HP 32SII Owner's Manual

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Miscellaneous Programs and
Equations

Time Value of Money

Given any four of the five values in the "Time–Value–of–Money equation"
(TVM), you can solve for the fifth value. This equation is useful in a wide
variety of financial applications such as consumer and home loans and
savings accounts.
The TVM equation is:
P
B alance, B
1
The signs of the cash values (balance, B; payment, P; and future balance, F)
correspond to the direction of the cash flow. Money that you receive has a
positive sign while money that you pay has a negative sign. Note that any
File name 32sii-Manual-E-0424
Printed Date : 2003/4/24
N
+
1
1 (
I
100
+
I
100
Payments , P
2
Miscellaneous Programs and Equations 17–1
Size : 17 .7 x 25.2 cm
+
N
+
F
1 (
(
I
100
))
3
Future Value, F
17
=
B
0
N
N _ 1

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