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
26 Time-Value-of-Money and Amortization Worksheets
7. To generate the amortization schedule, repeat steps 2 through 5 for each
range of payments.
Generating an Amortization Schedule Automatically
After entering the initial values for
P1 and P2, you can compute an amortization
schedule automatically.
1. Press & \.
— or —
If INT is displayed, press # to display the current P1 value.
2. Press C. Both P1 and P2 update automatically to represent the next
range of payments.
The calculator computes the next range of payments using the same
number of periods used with the previous range of payments. For
example, if the previous range was 1 through 12 (12 payments), pressing
C updates the range to 13 through 24 (12 payments).
3. Press # to display P2.
• If you press C with P1 displayed, a new value for P2 will be
displayed automatically. (You can still enter a new value for P2.)
• If you did not press C with P1 displayed, you can press C with P2
displayed to enter values for both P1 and P2 in the next range of
payments.
4. Press # to display each of the automatically computed values for BAL,
PRN, and INT in the next range of payments.
5. Repeat steps 1 through 4 until the schedule is complete.
Example: Computing Basic Loan Interest
If you make a monthly payment of $425.84 on a 30-year mortgage for $75,000,
what is the interest rate on your mortgage?
To Press Display
Set payments per year to 12 & [
12 !
P/Y= 12.001
Return to standard-calculator
mode
& U
0.00
Enter number of payments
30 & Z ,
N= 360.001