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
APPENDIX - Reference Information 91
VC =variable cost
Q =quantity
Days between Dates
With the Date worksheet, you can enter or compute a date within the
range January 1, 1950, through December 31, 2049.
Actual/actual day-count method
Note: The method assumes the actual number of days per month and
per year.
DBD (days between dates) = number of days II - number of days I
Number of Days I
= (Y1 - YB) Q 365
+ (
number of days MB to M1)
+ DT1
+
Number of Days II=(Y2 - YB) Q 365
+ (
number of days MB to M2)
+
DT2
+
where:
M1 =month of first date
DT1 =day of first date
Y1 =year of first date
M2 =month of second date
DT2 =day of second date
Y2 =year of second date
MB =base month (January)
DB =base day (1)
YB =base year (first year after leap year)
30/360 day-count method
1
Note: The method assumes 30 days per month and 360 days per year.
1.Source for 30/360 day-count method formula: Lynch, John
J., Jr., and Jan H. Mayle. Standard Securities Calculation
Methods. New York: Securities Industry Association, 1986
Y1 YB–
4
------------------------
Y2 YB–
4
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