TVM Solver

T ime
V alue
M oney

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press APPS ---> ENTER ----> ENTER to get to TVM solver menu

N= number of times interest is compounded(#)
I% = interest rate as APR(%)
PV = present value($)
PMT = payment per period ($)
FV = future value ($)
P/Y = payments per year (#)
C/Y = compoundings per year (#)


ex. I want to buy an 04' corvette.
It costs $33 995 plus PST on book value
($33 995 x 1.07 = $36374.65)
I have $2 000.00 to make a down payment.
I need to take out a $34 374.65 loan (obvisously) at an interest rate of 7%
and is to be paid off in 5 years with monthly payments.
I want to calculate my monthly payment.

so I enter this on the TVM Solver

N = 5 x 12=60
I% = 7
PV = 34 374.65
PMT = (press ALPHA ---> ENTER) answer should be -680.66
FV= 0
P/Y = 12
C/Y= 12
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