Livescribe PULSE - Manual (Page 45)

Chapter 6: 5BAdditional Pulse Smartpen Applications Page 45
The future value. FV is either a final cash flow or compounded value of previous
cash flows. FV occurs at the end of the last period.
Number of payments per year specifies the frequency of the payments.
Beginning and End. Mortgages and loans typically use End mode. Leases and
savings plans typically use Begin mode.
Example 1: If you borrow $14,000 for 360 months at 10% interest , what is the
monthly payment?
Keys Display
Beg
12
12
360
360
10
10
14000
14,000
0
0
-122.8600198124
Example 2: Using the values just entered (for calculation above), how much can be borrowed if a
payment of $100.00 is desired?
Keys
Display
100 +/-
-100.00
11,395.081997686