HP 20b HP 20b Calculator Quick Start Guide - Page 43

Table 4-3, Description

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Time Value of Money To input current data, enter a number followed by the TVM key for the required item. To calculate an unknown value, enter all known values and press the key of the item you want solved. For a TVM example, see Table 4-4. Table 4-3 TVM Keys Keys Description N Stores or calculates the number of payments or compounding periods (N). ^ Y V M Multiplies a value by the number of payments per year and stores as N. Stores or calculates the nominal annual interest rate as a percentage. Stores or calculates the present value (PV). To a lender or borrower, PV is the amount of a loan; to an investor, PV is the initial investment. PV always occurs at the beginning of the first period. Stores or calculates the dollar amount of each periodic payment (PMT). Payments can occur at the beginning or end of each compounding period. [ Stores or calculates the number of payments or compounding periods per year. 43

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Time Value of Money
43
To input current data, enter a number followed by the TVM key for the required
item. To calculate an unknown value, enter all known values and press the key of
the item you want solved. For a TVM example, see Table 4-4.
Table 4-3
TVM Keys
Keys
Description
N
Stores or calculates the number of payments or
compounding periods (N).
^
Multiplies a value by the number of payments per year and
stores as N
.
Y
Stores or calculates the nominal annual interest rate as a
percentage.
V
Stores or calculates the present value (PV). To a lender or
borrower, PV is the amount of a loan; to an investor, PV is
the initial investment. PV always occurs at the beginning of
the first period.
M
Stores or calculates the dollar amount of each periodic
payment (PMT). Payments can occur at the beginning or
end of each compounding period.
[
Stores or calculates the number of payments or
compounding periods per year.