Victor Technology V12 Basic Financial Calculations, Term Definition KEY, Pmt, Payment Function

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V I C T O R T E C H N O L O G Y

Basic Financial Calculations

Before describing Basic Financial Calculations, it is important to review and understand five basic terms and keys used with the V12.

TERM /

DEFINITION

 

KEY

 

 

 

 

 

 

 

The number of periods in the financial loan, often

 

 

n

expressed in days, months, or years. The interest

 

 

 

 

 

rate must be defined per period.

 

 

i

The interest rate per period. Often an annual rate

 

 

is converted to monthly by dividing by 12, weekly

 

 

 

 

 

by dividing by 52, or daily by dividing by 365.

 

 

 

 

 

The initial cash value received or paid or the

 

 

PV

 

 

present value of a series of future payments when

 

 

 

 

 

discounted at an interest rate.

 

 

 

 

 

The payment made each period.

 

PMT

 

 

 

 

 

 

 

 

 

 

 

The final cash value received or paid or the future

 

 

FV

value of a series of payments assuming an interest

 

 

 

 

 

rate.

When using the V12, four of these five variables must be known to perform a calculation. The unknown variable can then be solved.

Positive and Negative Cash Flows

When performing financial calculations special care must be taken to enter values with the proper sign. A payment or outflow of cash must have a negative sign. A receipt of cash must have a positive sign. For example, the initial cash received in a loan is a positive amount. The payments are negative amounts.

Payment Function

Payments in compounding periods may be made either at the beginning of a period (such as payments in advance, and annuities due), or at the end of a period (such as regular annuities or payments in arrears).

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Contents Owners Guide V12 Financial Calculator Preface Where to Start Other Financial Calculations Branch & Loop Programs Where to Start EEX Entering Large AmountsEntries Display Entering Small AmountsSequential Calculations in ALG method Using the Clear FunctionALG and RPN Setting Functions Storage Capacity and Recalling Entered Data RPN methodSequential Calculations in RPN method C T O R T E C H N O L O G Y First Steps to Financial Functions Using the Financial Storage RegistersResetting Saved Data Saving to a RegisterEntries ALG Display CHSINT Entries RPN Display PMT Basic Financial CalculationsTerm Definition KEY Positive and Negative Cash FlowsSpecial relationship between i and n Determining Interest Rate Solving forDetermining Present Value Solving for PV Entries Display FIN Determining Payment Amount Solving for PMTDetermining Future Value Solving for FV Determining Number of Periods Solving for n Loan With Balloon PaymentAmortization Function Amort NPV Net Present Value Other Financial CalculationsRCL Grouped Cash Flows Entries Display REGCHS CF0 Entries RPN Display REG NPV Replacing Current Cash Flow Value DataSTO Entries RPN Display RCL Determining Values with Depreciation500.00 Determining Bond Values Price YTMPercentages ENTER/=ALG method, calculate 35% of $1,200 Calendar Operations Date Determining Number of Days Between Dates∆DYS Status Icons Other Operational FeaturesDecimal Place Display Settings Scientific Notation Display Settings Prefix Other Display Settings Error DisplayFull Figure Display Underflow and Overflow DisplayRunning Display LSTStatistical Features and Functions ↔ yRecovering Incorrectly Entered Statistical Data Mean Values Child Height Inches Weight lbs = = y-values ValuesStandard Deviation Entries Linear Estimates for x and y Weighted Mean Values Mathematical Features and Functions Entries DisplayIntg FracInteger Values Rounded ValuesExponential Values RNDFactorial Values Squared Values Logarithm ValuesSquare Root Values Reciprocal Values Entries ALG Display Enter Power Features in ALG methodPower Features in RPN method Basics of Programming Creating Your Own ProgramSets the calculator to program function Prgm Executing Your Own Program Program Memory Basics Determining Program Line InstructionsExamples Program line 000 and the GTO 000 instruction Performing a Program One Line at a Time000 Sets calculator to program mode 001 SST Setting the Calculator to a Specific Program Line Interrupting a Program During ExecutionPause 006 Stopping a Program During Execution Entries RPN Display Branch & Loop Programs Branching with ConditionsExample GTO Storing More Than One Program Editing Your Programs Inserting Instructions Into a Program 002 003 004 005 006 007 008 009,43,33,000 Inserting Instructions at the End of a Program C T O R T E C H N O L O G Y Error Messages Error CauseVictor Technology LLC

V12 specifications

The Victor Technology V12 is a sophisticated and versatile electronic calculator designed for both personal and professional use. With its user-friendly interface and advanced functionality, it has become a popular choice among students, educators, and business professionals alike.

One of the standout features of the V12 is its large, backlit display, which provides clear visibility in various lighting conditions. This makes it easier for users to read numbers and calculations without straining their eyes. The calculator’s ergonomic design ensures comfortable handling, while its robust construction promises durability and longevity.

The V12 supports a wide range of mathematical operations, including basic arithmetic functions, advanced calculations like square roots and percentages, and trigonometric functions. This versatility makes it suitable for both everyday calculations and more complex mathematical tasks, catering to a diverse audience.

Incorporating cutting-edge technology, the Victor Technology V12 boasts a solar-powered option, which enhances its sustainability and reduces the need for battery replacements. For situations where solar power is insufficient, it also features a backup battery, ensuring uninterrupted usage in all environments.

Another key characteristic of the V12 is its programmable memory function. Users can store frequently used calculations or data, facilitating quicker access and minimizing repetitive input. This feature proves particularly useful for professionals who deal with extensive numerical data and require efficiency in their calculations.

The V12 also includes a spell-check dictionary and error-checking capabilities, making it easier to avoid mistakes during calculations. With its responsive keys and tactile feedback, users can input data swiftly and accurately, further boosting productivity.

In summary, the Victor Technology V12 stands out due to its combination of advanced functionality, ease of use, and reliable performance. With features tailored for a wide range of users, it successfully meets the demands of both casual calculators and those who require more sophisticated computational capabilities. Its thoughtful design, reliability, and innovative technology make it a valuable tool in today's fast-paced world of mathematics and finance. Whether in a classroom, an office, or at home, the V12 proves to be an essential companion for tackling everyday numerical challenges.
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