Tangent 2.2 - Manual (Page 27)

Page 27
Financial Functions
Financial functions are used for various financial calculations. To use these func-
tions you must answer the questions asked and the result will appear on tape to-
gether with your answers.
Interest Calculator
Returns the interest payment for a given period of an annuity based on periodic,
fixed payments and a fixed interest rate. For all arguments, cash paid out (such
as deposits to savings) is represented by negative numbers; cash received
(such as dividend checks) is represented by positive numbers.
Interest Rate per Period
Returns the interest rate per period for an annuity. For all arguments, cash paid
out (such as deposits to savings) is represented by negative numbers; cash re-
ceived (such as dividend checks) is represented by positive numbers.
Interest for X Days
Returns the interest (straight or compound) for a given period (in days) of an
annuity based on a fixed interest rate. For all arguments, cash paid out (such
as deposits to savings) is represented by negative numbers; cash received
(such as dividend checks) is represented by positive numbers.
Internal Rate of Return
Returns the internal rate of return for a series of periodic cash flows payments
and receipts).
Modified Internal Rate of Return
Returns the modified internal rate of return for a series of periodic cash flows
(payments and receipts).
Number of Payments to Pay Off Loan
Returns the number of periods for an annuity based on periodic, fixed payments
and a fixed interest rate. For all arguments, cash paid out (such as deposits to
savings) is represented by negative numbers; cash received (such as dividend
checks) is represented by positive numbers.
Net Present Value of Investment
Returns the net present value of an investment based on a series of periodic
cash flows (payments and receipts) and a discount rate.
Annuity Payments
Returns the payment for an annuity based on periodic, fixed payments and a
fixed interest rate. For all arguments, cash paid out (such as deposits to sav-
ings) is represented by negative numbers; cash received (such as dividend
checks) is represented by positive numbers.
Annuity Principal Payment
Returns the principal payment for a given period of an annuity based on peri-
odic, fixed payments and a fixed interest rate. If desired, you will receive a full
payment breakdown based on principal and interest for each period. For all ar-
guments, cash paid out (such as deposits to savings) is represented by negative
numbers; cash received (such as dividend checks) is represented by positive
numbers.
Present Value of an Annuity
Returns the present value of an annuity based on periodic, fixed payments to be
paid in the future and a fixed interest rate. For all arguments, cash paid out
(such as deposits to savings) is represented by negative numbers; cash re-
ceived (such as dividend checks) is represented by positive numbers.
Future Value of an Annuity
Returns the future value of an annuity based on periodic, fixed payments and a