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CALC 1 Time Value of Money Example For TVM Calculator

These examples are for the "Financial: TVM" calculator with periodic interest rate ("i%" key instead of "I/YR" key).

Key Description
N key Calculates, stores or recalls the number of periods.
i pct key Calculates, stores or recalls the periodic interest rate as a percentage.
pv key Calculates, stores or recalls the present value.
pmt key Calculates, stores or recalls the periodic payment.
fv key Calculates, stores or recalls the future value.
shift key12 times key Multiplies the value in the x register and stores it as the number of periods.
shift key12 divided bym key Divides the value in the x register and stores it as the number of periods.
shift keyAMRT key Calculates the interest and principal for the number of periods in the x register.
shift keyint key Calculate simple interest.

Time value of money example:

What are the monthly payments for a 100,000 loan for 20 years at 6% per year?

shift keyclr f key

to clear the financial variables,

240

N key

Stores the number of payments (20 * 12),

This can also be entered as 20

shift key12 times key

0.5

i pct key

Stores the periodic (6% / 12 payments per year) interest rate,

This can also be entered as 6

shift key12 divided bym key

100000

pv key

Stores the present value

pmt key

Calculate the payment

The result is -716.43.

By default the financial BEGIN END mode is set to END.

AMRT key

Amortization example:

We recommend using the Amortization Form Calculator.

What is the interest and principal for the first 12 payments for the loan above?

Set the starting payment period to 0:

0

N key

Calculate the interest and principal for the first 12 payments:

12

shift keyAMRT key

The principal paid of -2,669.79 is displayed in the y register (if you have two or more rows displayed)
The interest paid of -5,927.37 is displayed in the x register.

To see the remaining principal, tap

rcl keypv key

97,330.21 is displayed.

Note that 12 was added to the N (number of periods) to give the starting period for more amortization calculations for this loan.


Simple interest example:

Also see:

What is the simple interest for a load of 450 at 7% for 60 days?

60

N key

Stores the number of days

7

i pct key

Stores the interest rate

-450

pv key

Stores the amount of the loan.

shift keyint key

Calculates the interest:

simple interest results display

 

 

The following apply to RPN calculation mode.

To calculate the 365 day principal and interest, press roll down keyadd button to get 455.18.