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
40 Time-Value-of-Money and Amortization Worksheets
Example: Computing Payment, Interest, and Loan Balance
After a Specified Payment
A group of sellers considers financing the sale price of a property for $82,000
at 7% annual interest, amortized over a 30-year term with a balloon payment
due after five years. They want to know:
• Amount of the monthly payment
• Amount of interest they will receive
• Remaining balance at the end of the term (balloon payment)
Computing the Monthly Payment
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
Enter interest rate
7 -
I/Y= 7.001
Enter loan amount
82000 .
PV= 82,000.001
Compute payment C /
PMT= -545.55*
Generating an Amortization Schedule for Interest and Balloon
Payment
To Press Display
Select Amortization worksheet & \
P1= 1.00
Enter end period (five years)
#
5 &
Z !
P2= 60.001
View balance due after five
years (balloon payment)
#
BAL= 77,187.72*