Victor Technology V12 Special relationship between i and n, Determining Interest Rate Solving for

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

To select payment type:

Touch

r

 

END

if the payment will be made at the end of the period.

Touch

r

 

BEG

if the payment will be made at the beginning of the period.

Most transactions utilize an End of the period payment. Note: This manual will only show examples using End of the period payments.

If the BEGIN icon is not showing on the display, the payment function is set to END.

The special relationship between i and n

In compound interest problems, the interest rate entered into i must correlate to the compounding period n in time (as in years, days, months, etc.)

Determining Interest Rate: Solving for i

¾Touch b CLEARFIN to reset financial registers

¾Enter the number of payment periods and touch n

¾Enter the present value of the loan and touch PV.

¾Enter the payment value per period (a negative number) and touch PMT.

¾Enter the future value of the amount owed at the end of the payment periods, touch CHS to make the number negative, and touch FV. Note: If the amount owed at the end of the loan period will be zero, this step can be skipped.

¾Touch the i key to calculate the interest rate per period.

Example

 

ENTRIES (RPN)

 

DISPLAY

 

 

 

 

 

 

 

0.00

 

 

 

b

FIN

 

 

 

 

 

 

 

 

Clears the financial registers.

 

 

 

 

 

 

 

 

360 n

 

360.00

 

 

 

 

Enters 360 months for a 30 year loan.

 

 

 

 

 

 

 

 

400000 PV

 

400,000.00

 

 

 

 

Enters the loan amount of $400,000.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

-2,398.20

 

 

 

2398.202

CHS

 

PMT

 

 

 

 

 

Displays the monthly payment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Contents Owners Guide V12 Financial Calculator Preface Where to Start Other Financial Calculations Branch & Loop Programs Where to Start Entering Small Amounts Entering Large AmountsEntries Display EEXUsing the Clear Function ALG and RPN Setting FunctionsSequential Calculations in ALG method RPN method Sequential Calculations in RPN methodStorage Capacity and Recalling Entered Data C T O R T E C H N O L O G Y Saving to a Register Using the Financial Storage RegistersResetting Saved Data First Steps to Financial FunctionsCHS INTEntries ALG Display Entries RPN Display Positive and Negative Cash Flows Basic Financial CalculationsTerm Definition KEY PMTDetermining Interest Rate Solving for Special relationship between i and nDetermining Present Value Solving for PV Determining Payment Amount Solving for PMT Entries Display FINDetermining Future Value Solving for FV Loan With Balloon Payment Determining Number of Periods Solving for nAmortization Function Amort Other Financial Calculations RCLNPV Net Present Value Entries Display REG CHS CF0Grouped Cash Flows Entries RPN Display REG Replacing Current Cash Flow Value Data STONPV Determining Values with Depreciation Entries RPN Display RCL500.00 Determining Bond Values YTM PriceENTER/= PercentagesALG method, calculate 35% of $1,200 Calendar Operations Determining Number of Days Between Dates Date∆DYS Other Operational Features Decimal Place Display SettingsStatus Icons Scientific Notation Display Settings Underflow and Overflow Display Other Display Settings Error DisplayFull Figure Display PrefixLST Running Display↔ y Statistical Features and FunctionsRecovering Incorrectly Entered Statistical Data Child Height Inches Weight lbs = = y-values Values Standard Deviation EntriesMean Values Linear Estimates for x and y Weighted Mean Values Entries Display Mathematical Features and FunctionsRounded Values FracInteger Values IntgRND Factorial ValuesExponential Values Logarithm Values Square Root ValuesSquared Values Reciprocal Values Power Features in ALG method Power Features in RPN methodEntries ALG Display Enter Creating Your Own Program Basics of ProgrammingSets the calculator to program function Prgm Executing Your Own Program Determining Program Line Instructions Program Memory BasicsExamples Performing a Program One Line at a Time Program line 000 and the GTO 000 instruction000 Sets calculator to program mode 001 SST Interrupting a Program During Execution Setting the Calculator to a Specific Program LinePause 006 Stopping a Program During Execution Entries RPN Display Branching with Conditions Branch & Loop ProgramsExample 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 Cause Error MessagesVictor 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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