Time Value Of Money; The Tvm Menu - HP 17bII 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

N I%YR
P/YR BEG
File name : English-M02-1-040308(Print).doc
% key (page 40). For an example that calculates
FIN BUS
TVM ICNV CFLO
PMT FV
PV
END
Print data : 2004/3/9
SUM TIME SOLVE
BOND DEPRC
OTHER
AMRT
5: Time Value of Money
5
CURRX
61