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
74 Other Worksheets
• To clear the NOM and EFF variables and reset default values without
affecting
C/Y, press &z in the Interest Conversion
worksheet.
Converting Variables
You can convert a nominal rate to an annual effective rate or vice versa.
Entering Values for Nom and EFF
Enter a value for NOM or EFF as an annual rate.
Converting Interest Rates
1. To access the Interest Conversion worksheet, press & v. The
current
NOM value appears.
2. To clear the worksheet, press &z.
3. Enter a value for the known interest rate (either
NOM or EFF).
4. To enter a value for a known variable, press # or " until
NOM or EFF
is displayed, key in a value, and press !.
5. Press # to display C/Y. If necessary, change the value and press !.
6. To compute a value for the unknown variable (interest rate), press #
or " until NOM or EFF is displayed, and then press ?. The calculator
displays the computed value.
Example: A bank offers a certificate that pays a nominal interest rate of
15% with quarterly compounding. What is the annual effective interest
rate?
Answer: A nominal interest rate of 15% compounded quarterly is
equivalent to an annual effective interest rate of 15.87%.
To Press Display
Select Interest Conversion
worksheet.
&v NOM= Current
value
Enter nominal interest rate.
15 ! NOM= 15.001
Enter number of compounding
periods per year.
##
4 ! C/Y= 4.001
Compute annual effective
interest rate.
"C EFF=
15.877