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
Enter interest rate 6.125 -
I/Y= 6.131
Enter loan amount
120000 .
PV= 120,000.001
Compute payment C /
PMT=
-729.13*
Answer: The computed monthly payment, or outflow, is $729.13.
Generating an Amortization Schedule
Generate an amortization schedule for the first three years of the loan. If the first
payment is in April, the first year has nine payment periods. (Following years
have 12 payment periods each.)
To Press Display
Select the Amortization worksheet
&
\
P1=
current value
Set beginning period to 1
1 !
P1= 1.00
Set ending period to 9 #
9 !
P2= 9.001
Display 1st year amortization data
#
#
#
BAL=
PRN=
INT=
118,928.63*
-1071.37*
-5,490.80*
Change beginning period to 10
# 10
!
P1= 10.001
Change ending period to 21
#
21
!
P2= 21.001
Display 2nd year amortization
data
#
#
#
BAL=
PRN=
INT=
117,421.60*
-1,507.03*
-7,242.53*
Move to P1 and press C to enter
next range of payments
# C
P1= 22.001
Display
P2 #
P2= 33.001
Display 3rd year amortization data
#
#
#
BAL=
PRN=
INT=
115,819.62*
-1601.98*
-7,147.58*
Time-Value-of-Money and Amortization Worksheets 39