Defining the payment method, Pmt_end, Pmt_bgn – Texas Instruments TI-83 PLUS User Manual

Page 464

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TI-83 Plus

Applications

461

Defining the Payment Method

Pmt_End

and

Pmt_Bgn

(menu items

E

and

F

) specify a transaction as an

ordinary annuity or an annuity due. When you execute either command,
the

TVM

Solver

is updated.

Pmt_End

Pmt_End

(payment end) specifies an ordinary annuity, where payments

occur at the end of each payment period. Most loans are in this category.

Pmt_End

is the default.

Pmt_End

On the

TVM

Solver

’s

PMT:END BEGIN

line, select

END

to set

PMT

to

ordinary annuity.

Pmt_Bgn

Pmt_Bgn

(payment beginning) specifies an annuity due, where payments

occur at the beginning of each payment period. Most leases are in this
category.

Pmt_Bgn

On the

TVM Solver

’s

PMT:END BEGIN

line, select

BEGIN

to set

PMT

to

annuity due.

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