Tangent 2.2 manual Glossary, Annuity

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Glossary

Annuity

series of fixed cash payments made over a period of time. An annuity can be a loan (such as a home mortgage) or an investment (such as a monthly savings plan).

Argument

requested parameter (such as a value or a percentage rate) which you must provide. (NOTE: Used in financial functions.)

Asset

item or property which may depreciate.

Cash

meaning an amount of money

Depreciation

decrease in value due to wear and tear, decline in price, etc

Double-Declining Balance Method

depreciation at an accelerated rate. Depreciation is highest in the first period and de- creases in successive periods.

Fixed

does not change.

Interest

sum paid or charged for the use of money or for borrowing money

Interest Rate

expressed as a percentage of the amount borrowed to be paid over a given period (usually one year).

Internal Rate of Return

interest rate received for an investment consisting of payments and receipts that occur at regular intervals.

Modified Internal Rate of Return

internal rate of return when payments and receipts are financed at different rates.

Net Present Value of Investment

current value of a future series of payments and receipts

Operand

number that an Operator will perform action on. (i.e. In the expression "2+3", "2" and "3" are operands and "+" is the operator.)

Payment

amount of money you pay out.

Periodic

at regular intervals (such as monthly).

Principal

capital sum, as distinguished from interest or profit. An example of this would be the origi- nal investment amount.

Readout

portion of the CDML Advanced Calculator located between the Tape Display and the but- tons. The Readout reflects your numeric input and results of your calculations

Receipt

amount of money you are paid by somebody else. Also, may refer to a document serving as proof of purchase.

Tape Display

computer equivalent of the tape on an adding machine. Used to review or annotate your calculations.

ToolTips

box showing a value or an explanation for a control on the screen. To view the ToolTips, place your mouse over the control and leave it there for a few moments. The ToolTip win- dow will appear automatically.

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Contents Cdml Advanced Calculator Version Page Table of Contents About Cdml Advanced Calculator Easy Access Show in TrayPage Using the Calculator Using the Tape Standard Calculator OperatorsUsing Memory Functions Clearing Entries in Cdml CalculatorOther Valid Keys in Cdml Advanced Calculator Toolbar Setup Set PropertiesStart On Top Financial ModeStart Minimized Calc. On TopPercentage for Number RPN ModeAuto-Decimal Mode Decimal PlacesPage Cdml Advanced Calculator Menus File Menu Edit MenuTape Menu Operators Menu Modes Menu Temperature Area/Volume Metric to EnglishArea/Volume English to Metric Repeat SubtractionScientific Menu Financial Menu Properties Menu Help Menu Join Cdml Mailing List Email Technical SupportEmail Sales Email CdmlAdvanced Calculator Functions Interest Calculator Financial FunctionsModified Internal Rate of Return Using Conversion Functions Metric to EnglishArea and Volume English to Metric Currency Conversion Numeric Base Conversions Intra-System Unit ConversionsUsing the Expression Evaluator Insert Button Construction Foot/Inch CalculatorFormula Drop-Down List Formulas ButtonValue of X, Value of Y, Value of Z OK and Cancel buttonsExpression Readout Clear VariablesFormula Editor Delete Button Edit ButtonExit Button Time/Date Calculations Time Entry CalendarDate Notes/ RPN Stack/ Scratch Pad Save Daily Notes Button Find Next ButtonClock Button Log FileReminder Alarms Sending Keystrokes with Alarms Project Timer CodesUser Name Why RegisterRegistration Screen Serial NumberSupport by Phone Technical SupportSupport by Email Glossary AnnuityWe provide a variety of services Copyright/Licensing User License