Calculating Time Value Of Money (Tvm) - Texas Instruments TI-83 Manual Book

Calculating Time Value of Money (TVM)

Calculating Time
Value of Money
tvm_Pmt
14-6 Financial Functions
Use time-value-of-money (
through ) to analyze financial instruments such as
6
annuities, loans, mortgages, leases, and savings.
Each function takes zero to six arguments, which
TVM
must be real numbers. The values that you specify as
arguments for these functions are not stored to the
variables (page 14.14).
Note: To store a value to a
14.4) or use ¿ and any
menu (page 14.14).
If you enter less than six arguments, the TI-83 substitutes a
previously stored
argument.
If you enter any arguments with a
place the argument or arguments in parentheses.
computes the amount of each payment.
tvm_Pmt
Ú æ
[
PV
tvm_Pmt ( , , ,
Note: In the example above, the values are stored to the
TVM Solver
variables in the
computed on the home screen using the values in the
Next, the interest rate is changed to 9.5 to illustrate the effect on the
payment amount.
) functions (menu items
TVM
TVM
variable, use the
TVM
variable on the
variable value for each unspecified
TVM
TVM
]
FV P/Y C/Y
, , )
. Then the payment (
2
TVM
TVM Solver
(page
FINANCE VARS
function, you must
TVM
tvm_Pmt
) is
TVM Solver
.