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
• When a sequence of cash flows has two or more sign changes:
- At least one solution exists.
- As many solutions can exist as there are sign changes.
When more than one solution exists, the calculator displays the one
closest to zero. Because the displayed solution has no financial meaning,
you should use caution in making investment decisions based on an IRR
computed for a cash-flow stream with more than one sign change.
The time line reflects a sequence of cash flows with three sign changes,
indicating that one, two, or three IRR solutions can exist.
• When solving complex cash-flow problems, the calculator might not find ,
DPB, IRR, even if a solution exists. In this case, the calculator displays
Error 7 (iteration limit exceeded).
Example: Solving for Unequal Cash Flows
These examples show you how to enter and edit unequal cash-flow data to
calculate:
• Net present value (NPV)
• Internal rate of return (IRR)
A company pays $7,000 for a new machine, plans a 20% annual return on the
investment, and expects these annual cash flows over the next six years:
Cash Flow Worksheet 47