TI-83
TVM Solver
On a TI calculator you can display the time-value-of-money (TVM) variables
FINANCE D 2nd x⁻¹ 1
Given four variable values, the TVM Solver solves for the fifth variable. The decimal mode setting is used in the screen.
Explanation
Pressing ▼ or ▲ brings you to the variables. Pressing ► or ◄ highlights the item in the line.
N=0.00
I%=0.00
PV=0.00
PMT=0.00
FV=0.00
P/Y=1.00
C/Y=1.00
PMT:END BEGIN
N Number of payment periods
I% Interest rate per year
PV Present value
PMT
Amount of each payment
FV Future value P/Y Payment periods per year
C/Y Compounding periods per year PMT: END of period
BEGIN of period
Operation
| 1. | Start the TVM Solver. |
| 2. | Enter the known values for four TVM variables. |
| 3. | Enter a value for P/Y, which automatically enters the same value for C/Y. |
| 4 | Select END or BEGIN to specify the payment method. |
| 5 | Place the cursor on the TVM variable for which you want to solve. |
| 6 | Press SOLVE to compute the answer that will be displayed in the appropriate TVM variable. An indicator square (■) in the left column designates the solution variable. |