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
Time-Value-of-Money and Amortization Worksheets 27
Answer: The interest rate is 5.5% per year.
Examples: Computing Basic Loan Payments
These examples show you how to compute basic loan payments on a
$75,000 mortgage at 5.5% for 30 years.
Note: After you complete the first example, you should not have to re-
enter the values for loan amount and interest rate. The calculator saves
the values you enter for later use.
Computing Monthly Payments
Answer: The monthly payments are $425.84.
Computing Quarterly Payments
Note: The calculator automatically sets the number of compounding
periods (C/Y) to equal the number of payment periods (P/Y).
Enter loan amount.
75000 .
PV=
75,000.00
Ä
€
Enter payment amount.
425.84 S/
PMT=
-425.84
1
Compute interest rate.
C-
I/Y=
5.50
*
To Press Display
Set payments per year to 12. &[ 12 !
P/Y=
12.00
1
Return to standard-calculator
mode.
&U
0.00
Enter number of payments
using payment multiplier.
30 &Z,
N=
360.00
1
Enter interest rate.
5.5 -
I/Y=
5.50
1
Enter loan amount.
75000 .
PV=
75,000.00
1
Compute payment. C/
PMT=
-425.84
7
To Press Display
Set payments per year to 4. &[ 4 !
P/Y=
4.00
1
Return to standard-calculator
mode.
&U
0.00
To Press Display