Using The Tvm (Time-Value-Of-Money) Solver; Fin Tvm Solver Menu; Solving For An Unknown Tvm Variable (Payment Amount) - Texas Instruments TI-86 Manual Book

Assembly Language Programming: Financial Functions
When the TVM Solver is
displayed, replaces
SOLVE
on the menu.
Uninst FIN
Enter cash inflows as positive
numbers and cash outflows
as negative numbers.
You cannot leave a variable
blank. If you do not have a
value, set it to zero.

Using the TVM (Time-Value-of-Money) Solver

FIN TVM Solver Menu

TVM FUNC VARS
The TVM Solver displays prompts for the five
time-value-of-money (TVM) variables.
To solve for an unknown variable, enter the four
known variable values, move the cursor to the
unknown variable prompt, and then select
(*) from the TVM Solver menu. Values
FIN
displayed on the TVM Solver are stored to corresponding TVM variables.

Solving for an Unknown TVM Variable (Payment Amount)

You want to buy a $100,000 house with a 30-year mortgage. If the annual
percentage rate (APR) is 18%, what are the monthly payments?
Set the fixed-decimal mode to 2
decimal places to display all
numbers as dollars and cents.
Select FIN from the MATH
to display the FIN menu.
Select from the
FORMT
menu to display the payment
format editor. Set 12 payments
per year, 12 compounding
periods per year, and payments
received at the end of each
payment period.
Display the TVM Solver and
enter the known values for four
TVM variables. The N
360 was derived from 30 (years)
M 12 (months).
Move the cursor to the
TVM variable.
Select SOLVE to compute the
answer. A small square is
displayed next to the solution
variable. The answer is stored to
the corresponding TVM variable.
- Π/ ' &
FORMT SOLVE
SOLVE
- m #
" " " b
- Π/ '
menu
) #
FIN
12 12
b
& #
360 18
# #
100000
b
value of
$
PMT
*
#
#
0
5