User Manual
Table Of Contents
- Important Information
- 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
- Using the TVM and Amortization Variables
- Resetting the TVM and Amortization Worksheet Variables
- Clearing the Unused Variable
- Entering Positive and Negative Values for Outflows and Inflows
- Entering Values for I/Y, P/Y, and C/Y
- Specifying Payments Due With Annuities
- Updating P1 and P2
- Different Values for BAL and FV
- Entering, Recalling, and Computing TVM Values
- Using [xP/Y] to Calculate a Value for N
- 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
- TVM and Amortization Worksheet Variables
- Cash Flow Worksheet
- Bond Worksheet
- Depreciation Worksheet
- Statistics Worksheet
- Other Worksheets
- APPENDIX - Reference Information
54 Bond Worksheet
Bond Worksheet Terminology
Entering Bond Data and Computing Results
To compute values for price (PRI) or yield (YLD) and accrued interest (AI),
first enter the four known values for settlement date (
SDT), coupon rate
(CPN), redemption date (RDT), and redemption value (RV).
Term Definition
Call Date A callable bond bond can be retired by the issuing
agency before the maturity date. The call date for
such a bond is printed in the bond contract.
Coupon
Payment
The periodic payment made to the owner of the
bond as interest.
Coupon Rate The annual interest rate printed on the bond.
Dollar Price Price of the security expressed in terms of dollars per
$100 of par value.
Par (Face) Value The value printed on the bond.
Premium Bond A bond that sells for an amount greater than the par
value.
Discount Bond A bond selling for less than the par value.
Redemption
Date
The date on which the issuing agency retires the
bond. This date can be the date of maturity or, for a
callable bond, the call date.
Redemption
Value
The amount paid to the owner of a bond when
retired. If the bond is redeemed at the maturity
date, the redemption value is the par value printed
on the bond. If the bond is redeemed at a call date,
the redemption value is the bond’s par value plus
any call premium. The calculator treats the
redemption value in terms of dollars per $100 of par
value.
Settlement Date The date on which a bond is exchanged for funds.
Yield to
Maturity
The rate of return earned from payments of
principal and interest, with interest compounded
semiannually at the stated yield rate. The yield to
maturity takes into account the amount of premium
or discount, if any, and the time value of the
investment.