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
To Press Display
using the payment multiplier
Enter loan amount
75000 .
PV=
75,000.00 1
Enter payment amount 425.84 S /
PMT= -425.841
Compute interest rate C -
I/Y= 5.50
Answer: The interest rate is 5.5% per year.
Examples: Computing Basic Loan Payments
These examples show you how to compute basic loan payments on a $75,000
mortgage at 5.5% for 30 years.
Note: After you complete the first example, you should not have to re-enter the
values for loan amount and interest rate. The calculator saves the values you
enter for later use.
Computing Monthly Payments
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
using payment multiplier
30 & Z ,
N= 360.001
Enter interest rate
5.5 -
I/Y= 5.501
Enter loan amount
75000 .
PV= 75,000.001
Compute payment C /
PMT= -425.847
Answer: The monthly payments are $425.84.
Computing Quarterly Payments
Note: The calculator automatically sets the number of compounding periods
(
C/Y) to equal the number of payment periods (P/Y).
Time-Value-of-Money and Amortization Worksheets 27