Chapter 14: Applications
255
Use these functions to set up and perform financial calculations on the home screen.
TVM Solver
TVM Solver displays the TVM Solver.
Calculating Time Value of Money (TVM)
Calculating Time Value of Money
Use time-value-of-money (
TVM
) functions (menu items
2
through
6)
to analyze financial
instruments such as annuities, loans, mortgages, leases, and savings.
Each
TVM
function takes zero to six arguments, which must be real numbers. The values that you
specify as arguments for
TVM
functions are not stored to the
TVM
variables.
Note:
To store a value to a
TVM
variable, use the TVM Solver or use
¿
and any
TVM
variable
on the
FINANCE VARS
menu.
If you enter less than six arguments, the TI-84 Plus substitutes a previously stored
TVM
variable
value for each unspecified argument.
If you enter any arguments with a
TVM
function, you must place the argument or arguments in
parentheses.
8: irr(
Computes the internal rate of return.
9: bal(
Computes the amortization sched. balance.
0:
G
Prn(
Computes the amort. sched. princ. sum.
A:
G
Int(
Computes the amort. sched. interest sum.
B:
4
Nom(
Computes the nominal interest rate.
C:
4
Eff(
Computes the effective interest rate.
D: dbd(
Calculates the days between two dates.
E: Pmt_End
Selects ordinary annuity (end of period).
F: Pmt_Bgn
Selects annuity due (beginning of period).
CALC VARS
