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
34 Time-Value-of-Money and Amortization Worksheets
The total value of the machine is the present value of the residual value plus
the present value of the lease payments.
To Press Display
Set all variables to defaults. & } !
RST 0.00
Set beginning-of-period
payments.
& ] &
V
BGN
Return to standard-calculator
mode.
& U
0.00
Enter number of payments.
46 ,
N= 46.001
Calculate and enter periodic
interest rate.
22 6 12 N -
I/Y= 1.831
Enter residual value of asset.
6500 S 0
FV= -6,500.001
Compute residual present
value.
C .
PV= 2,818.227
Enter lease payment amount.
1200 S /
PMT= -1,200.001
Compute present value of
lease payments.
C .
PV= 40,573.187
Answer: Peach Bright should pay your company $40,573.18 for the machine.
Example: Computing Other Monthly Payments
If you finance the purchase of a new desk and chair for $525 at 20% APR
compounded monthly for two years, how much is the monthly payment?