2. Calculator settings Payments Per Year, P/Y The calculator is preset for 1 payment per year (P/Y=1). If you tell the calculator there are 5 $100 payments, it assumes there are $100 annual payments for the next 5 years. Most problems are easier to solve if you keep your calculator set to 1 payment per period (P/Y - 1). 2ND [P/Y] To check the current P/Y setting 1 ENTER To change the setting to P/Y Keep your calculator set to P/Y-1, unless a problem requires something different. Pressing 2ND [QUIT] returns to the normal display screen. Begin/End Mode Begini indicates whether periodic payments are received at the beginning or end of the period. Most problems are best solved in End mode. so stay in Enid mode until a specific problem requires Begin mode. Pressing 2ND [BGN) shows the current setting, while 2ND [SET] toggles between the settings. Pressing 2ND (QUIT] returns to the normal display screen Check Your Understanding Most textbook problems are best solved in mode and with P/Y=