Monday, December 8, 2008

Here is my T.V.M solver Book Report

The T.V.M solver works by filling in the missing variables of finance. There are 8 variables that are associated with this program. Next I will explain what each of the variables mean.

N: represents investement and annuity or loans.
I%: it will also be a positive integer, represents the "normal rate" of the investiment and annuity or loan. it is always writen as a percent instead of a decimal or a fraction.
PV: represents the " present value" of the investiment and annutiy or loan.
PMT: represents a payment that is used to pay off a loan or make an annuity.
FV: it represents " future value" for an investiment, annuity or a loan after the N compounds have passed.
P/Y: represents the payment of a loan or annuities for one year.
C/Y: represents the compounding period year after year.
PMT:END BEGIN, this allows the user to set the TVM solver for " ordinary annuities, ( END), or anuities 'due' ( BEGIN)

T8


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