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.