HP 20b HP 20b Calculator Quick Start Guide - Page 44

Table 4-3, Description, Table 4-4, Display

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Time Value of Money Table 4-3 TVM Keys Keys F ? ] Description Stores or calculates the future value (FV), a final cash flow. FV always occurs at the end of the last compounding period. Sets Begin mode (Beg). Payments occur at the beginning of each compounding period. Sets End mode (End). Payments occur at the end of each compounding period. You borrow $140,000.00 from a credit union for 30 years (360 months) at 6.5% annual interest, compounded monthly. What is your monthly payment to the credit union? Note: at the end of the 30 years, you expect to have a zero balance (FV=0 ). The example below in Table 4-4 is shown with RPN as the active operating mode. Table 4-4 TVM Example Keys Display 12:[ Description Inputs 12 as the current value for the number of payments, or compounding periods. 44

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Time Value of Money
44
Table 4-3
TVM Keys
Keys
Description
F
Stores or calculates the future value (FV), a final cash flow.
FV always occurs at the end of the last compounding period.
?
Sets Begin mode (Beg). Payments occur at the beginning of
each compounding period.
]
Sets End mode (End). Payments occur at the end of each
compounding period.
You borrow $140,000.00 from a credit union for 30 years (360 months) at
6.5% annual interest, compounded monthly. What is your monthly payment
to the credit union? Note: at the end of the 30 years, you expect to have a
zero balance (
FV=0
). The example below in Table 4-4 is shown with RPN
as the active operating mode.
Table 4-4
TVM Example
Keys
Display
Description
12:
[
Inputs
12
as the current value for the
number of payments, or compounding
periods.