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66 5: Time Value of Money

Payments occur at either the beginning of each period or the end of

each period. End mode is shown in the last two figures; Begin mode is

shown in the next figure.

12345

italized

value

of lease

Figure 5-5. Lease Payments Made at the Beginning of Each

Period (Begin Mode)

Using the TVM Menu

First draw a cash-flow diagram to match your problem. Then:

1. From the MAIN menu, press " ]

2. To clear previous TVM values, press

, (Note:You don’t

need to clear data if you enter new values for all five variables, or if

you want to retain previous values.)

3. Read the message that describes the number of payments per year

and the payment mode (Begin, End). If you need to change either of

these settings, press

! To change the number of payments per year, key in the new value

and press

. (If the number of payments is different from the

number of compounding periods, see “Compounding Periods

Different from Payment Periods,” page 87.)

! To change the Begin/End mode, press

[

! Press

to return to the primary TVM menu.

HP 17BIIPLUS User Manual

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