Victor V12 User Manual

VICTOR TECHNOLOGY
18
6 r i.
0.50
Displays the interest rate of 6% per year or 0.5%
per month.
400000 PV
400.000.00
Displays the loan amount or present value.
PMT
-2,398.20
Displays the monthly payment
Determining Future Value: Solving for FV
¾ Touch b CLEAR FIN to reset financial registers
¾ Use n or r 12x to enter number of periods or payments
¾ Use i or r 12÷ to enter annual interest rate
¾ Enter values for PV and PMT
¾ Touch r BEG or r END to select payment function
¾ Touch FV to calculate the future value
Example
ENTRIES (RPN) DISPLAY
b FIN
0.00
Clears the financial registers.
360 n.
360.00
Displays 360 months for a 30 year loan.
6 r i.
0.50
Displays the interest rate of 6% per year or 0.5%
per month.
400000 PV
400.000.00
Displays the loan amount or present value.
2397.202 CHS PMT
-2,397.20
Displays the monthly payment. Notice the amount
is reduced by $1 from previous examples.
FV
-1,004.62
Displays the amount still owed at the end of the
loan period. In this example, the payments over 30
years did not pay off the entire loan.

Victor V12 Specifications

General

Brand	Victor
Model	V12
Category	Calculator
Language	English