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CHAPTER 8
3. Press ≥≥≥≥
Ï
to calculate FV by using the numerical value
entered in the above example.
(3) Calculation using the CALC mode
• In the CALC menu of the FINANCE menu are functions designated for finance
calculations.
• Press
Ï
FINANCE
B
to check the contents of the
CALC menu.
• 01 to 06 calculates each variable displayed on the
previous TVM SOLVER screen.
<Example 4>
Here, we are asked to make monthly payments for a sum of $200,000 at interest of 5%
for 30 years.
We will simulate on the standard function calculation screen how the results change
when changing conditions of various variables.
[01 slv_pmt] : Calculates monthly payments.
Input method: input variable other than PMT, such as slv_pmt (N, I%, PV, FV, P/Y, C/Y),
to solve PMT (TAB is set to 2).
Find the result when changing interest from 5% to 4%.
1. Press
¬
.
Recall the normal function calculation screen and clear
unnecessary display.
2. Press
Ï
FINANCE
C1®
to set PmtEnd.
3. Press
Ï
FINANCE
B01
to display
“slv_pmt” on-screen.
4. Input known variables
(
360
,
4
,
200000
,
0
,
12
,
12
)
.
5. Pressing
®
displays the monthly payments (PMT) at interest rate of 4%.
Thus, it shows that the monthly payments are reduced from $1073.62 at 5% to
$954.83 at 4%.
,,
,
,,
EL-9650-(08)EN (197-210) 8/1/00, 9:09 AM204
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