After studying this appendix, you should be able to:
 Use a financial calculator to solve time value of money problems.
Business professionals, once they have mastered the underlying concepts discussed in Appendix G, often use a financial calculator to solve time value of money problems. In many cases, they must use calculators if interest rates or time periods do not correspond with the information provided in the compound interest tables.
LEARNING OBJECTIVE 1
Use a financial calculator to solve time value of money problems.
N = number of periods
I = interest rate per period (some calculators use I/YR or i)
PV = present value (occurs at the beginning of the first period)
PMT = payment (all payments are equal, and none are skipped)
FV = future value (occurs at the end of the last period)
In solving time value of money problems in this appendix, you will generally be given three of four variables and will have to solve for the remaining variable. The fifth key (the key not used) is given ...