Time Value Of Money; The Tvm Menu - HP 17BIIPLUS Owner's Manual

Time Value of Money

The phrase time value of money describes calculations based on money
earning interest over a period of time. The TVM menu performs
compound-interest calculations and calculates (and prints) amortization
schedules.
! In compound interest calculations, interest is added to the principal at
specified compounding periods, thereby also earning interest.
Savings accounts, mortgages, and leases are compound-interest
calculations.
! In simple interest calculations, the interest is a percent of the principal
and is repaid in one lump sum. Simple interest calculations can be
done using the %
simple interest using an annual interest rate, see page 190.

The TVM Menu

TVM
N I%YR PV
P/YR BEG END
key (page 40). For an example that calculates
FIN BUS SUM
ICNV CFLO BOND
PMT FV OTHER
AMRT
5: Time Value of Money
5
TIME SOLVE CURRX
DEPRC
61