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
38 Time-Value-of-Money and Amortization Worksheets
To Press Display
Set compounding periods to 4. #
4 !
C/Y= 4.001
Set beginning-of-period
payments.
& ] &
V
BGN
Return to standard-calculator
mode.
& U
0.00
Enter number of deposits
using payment multiplier.
10 & Z ,
N= 120.001
Enter interest rate.
.5 -
I/Y= 0.501
Enter future value.
25,000 0
FV= 25,000.001
Compute deposit amount. C /
PMT= -203.137
Answer: You must make monthly deposits of $203.13.
Example: Computing Payments and Generating an
Amortization Schedule
This example shows you how to use the TVM and Amortization worksheets to
calculate the monthly payments on a 30-year loan and generate an
amortization schedule for the first three years of the loan.
Computing Mortgage Payments
Calculate the monthly payment with a loan amount of $120,000 and 6.125%
APR.
To Press Display
Set all variables to defaults & } !
RST 0.00
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