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
24 Time-Value-of-Money and Amortization Worksheets
Specifying Payments Due With Annuities
Use
END/BGN to specify whether the transaction is an ordinary annuity or an
annuity due.
• Set END for
ordinary annuities
, in which payments occur at the
end
of each
payment period. (This category includes most loans.)
• Set BGN for
annuities due
, in which payments occur at the
beginning
of
each payment period. (This category includes most leases.)
Note: When you select beginning-of-period payments, the BGN indicator
appears. (No indicator appears for END payments.)
Updating P1 and P2
To update
P1 and P2 for a next range of payments, press C with P1 or P2
displayed.
Different Values for BAL and FV
The computed value for
BAL following a specified number of payments might
be different than the computed value for FV following the same number of
payments.
• When solving for BAL, PRN, and INT, the calculator uses the PMT value
rounded to the number of decimal places specified by the decimal format.
• When solving for FV, the calculator uses the unrounded value for PMT.
Entering, Recalling, and Computing TVM Values
• To enter a TVM value, key in the value and store it by pressing a TVM key
(,, -, ., /, 0).
• To display a stored TVM value, press J and a TVM key.
You can enter or recall a value for any of the five TVM variables (
N, I/Y, PV,
PMT, or FV) in either the standard calculator mode or a worksheet mode. The
information displayed depends on which mode is selected.
• In standard calculator mode, the calculator displays the variable label, the
= sign, and the value entered or recalled.
• In worksheet modes the calculator displays only the value you enter or
recall, although any variable label previously displayed remains
displayed.
Note: You can tell that the displayed value is not assigned to the displayed
variable, because the = indicator is not displayed.