aa NPV & IRR MANIPULATIONS FOR THE TI-83/plus NPV problems: Enter the finance options table by hitting 2" x”-1. Toggle down to “npv(* and press enter. You should see ‘npv(" on your main screen. Entering variables: Your first value entered will be the interest rate. Enter a comma. Your seceond value will be the initial outlay for the project, bond, stock etc. . (this is the value you pay to obtain the project). Comma. Now place an open squiggly bracket. Your values in these brackets will be the cash flows from year to year with a comma placed in-between each one. When done entering cash flows close with a squiggly bracket and then close with a regular parenthesis. Pressing enter should give you your answer. Example: 0 1 2 3 4 Project S -1000 900 250 10 10 Project L -1000 0 250 400 800 The interest rate for this project is 10% ‘Your calculator entry should look like the following: Npv(10,-1000,{900,250,10,10}) You should get an answer of 39.1367 for npv for Project S. Important note: If there is no initial outlay you must still enter a zero for npv problems. IRR problems: IRR problems are much like npv problems. From your finance table log down to ‘irr(’ and press enter’ You should now see the ‘irr(’ prompt on your main screen. Basically an irr problem is plugged in using the same format as an npv problem is except you do not need to enter the interest rate. Therefore, your first value entered will be the initial outlay. The rest of the variable plug-ins are done just as above. Using the example above ‘ Your calculator entry for the irr of project L should look like the following: Irr(-1000, {0,250,400,800}) Press enter. Your answer should be 11.74