Chapter 14: Applications 254
2. Enter the known values for four TVM variables.
Note: Enter cash inflows as positive numbers and cash outflows as negative numbers.
3. Enter a value for P/Y, which automatically enters the same value for C/Y; if P/Y ƒ C/Y, enter a
unique 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 ƒ \. The answer is computed, displayed in the TVM Solver, and stored to the
appropriate
TVM variable. An indicator square in the left column designates the solution
variable.
Using the Financial Functions
Entering Cash Inflows and Cash Outflows
When using the TI-84 Plus financial functions, you must enter cash inflows (cash received) as
positive numbers and cash outflows (cash paid) as negative numbers. The TI-84 Plus follows this
convention when computing and displaying answers.
FINANCE CALC Menu
To display the
FINANCE CALC menu, press ÎŒ Í.
CALC VARS
1: TVM Solver...
Displays the TVM Solver.
2: tvm_Pmt
Computes the amount of each payment.
3: tvm_¾
¾¾
¾æ
Computes the interest rate per year.
4: tvm_PV
Computes the present value.
5: tvm_ò
òò
òÚ
Computes the number of payment periods.
6: tvm_FV
Computes the future value.
7: npv(
Computes the net present value.
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