Owner's Manual
Table Of Contents
- Overview of Calculator Operations
- Turning On the Calculator
- Turning Off the Calculator
- Selecting 2nd Functions
- Reading the Display
- Setting Calculator Formats
- Resetting the Calculator
- Clearing Calculator Entries and Memories
- Correcting Entry Errors
- Math Operations
- Memory Operations
- Calculations Using Constants
- Last Answer Feature
- Using Worksheets: Tools for Financial Solutions
- Time-Value-of-Money and Amortization Worksheets
- TVM and Amortization Worksheet Variables
- Entering Cash Inflows and Outflows
- Generating an Amortization Schedule
- Example: Computing Basic Loan Interest
- Examples: Computing Basic Loan Payments
- Examples: Computing Value in Savings
- Example: Computing Present Value in Annuities
- Example: Computing Perpetual Annuities
- Example: Computing Present Value of Variable Cash Flows
- Example: Computing Present Value of a Lease With Residual Value
- Example: Computing Other Monthly Payments
- Example: Saving With Monthly Deposits
- Example: Computing Amount to Borrow and Down Payment
- Example: Computing Regular Deposits for a Specified Future Amount
- Example: Computing Payments and Generating an Amortization Schedule
- Example: Computing Payment, Interest, and Loan Balance After a Specified Payment
- Cash Flow Worksheet
- Bond Worksheet
- Depreciation Worksheet
- Statistics Worksheet
- Other Worksheets
- APPENDIX - Reference Information
- General Information
28 Time-Value-of-Money and Amortization Worksheets
To Press Display
Set payments per year to 4 & [
4 !
P/Y= 4.001
Return to standard-calculator
mode
& U
0.00
Enter number of payments
using payment multiplier
30 & Z ,
N= 120.001
Compute payment C /
PMT= -1,279.827
Answer: The quarterly payments are $1,279.82.
Examples: Computing Value in Savings
These examples show you how to compute the future and present values of a
savings account paying 0.5% compounded at the end of each year with a 20-
year time frame.
Computing Future Value
Example: If you open the account with $5,000, how much will you have after
20 years?
To Press Display
Set all variables to defaults & }!
RST 0.00
Enter number of payments
20 ,
N= 20.001
Enter interest rate
.5 -
I/Y= 0.501
Enter beginning balance
5000 S .
PV= -5,000.001
Compute future value C 0
FV= 5,524.487
Answer: The account will be worth $5,524.48 after 20 years.
Computing Present Value
Example: How much money must you deposit to have $10,000 in 20 years?
To Press Display
Enter final balance
10000 0
FV= 10,000.001
Compute present value C .
PV= -9,050.637