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
36 Time-Value-of-Money and Amortization Worksheets
To Press Display
mode.
Enter number of payments
using payment multiplier.
20 & Z ,
N= 240.001
Enter interest rate.
7.5 -
I/Y= 7.501
Enter amount of payment.
200 S /
PMT= -200.001
Compute future value. C 0
FV= 111,438.31*
Answer: Depositing $200 at the beginning of each month for 20 years results
in a future amount of $111,438.31.
Example: Computing Amount to Borrow and Down
Payment
You consider buying a car for $15,100. The finance company charges 7.5%
APR compounded monthly on a 48-month loan. If you can afford a monthly
payment of $325, how much can you borrow? How much do you need for a
down payment?