Victor Technology V12 manual Determining Present Value Solving for PV

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

i

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The V12 is calculating the value. 0.50

Displays the monthly interest rate.

Example

8 % annual interest, which is compounded quarterly for 3 years: n is number of quarters (3 * 4=12)

i is interest rate per quarter (8% ÷ 4 = 0.02%)

If interest rate was compounded monthly, n would be 8% ÷ 12 =0.006

Since many financial calculations utilize an annual interest rate compounded monthly, the V12 has two functions to simplify the entry of interest rate and periods. The r 12÷ function will divide an annual interest rate by 12 and enter the result as the monthly interest rate.

Example

24% annual interest which is compounded monthly

24 r 12÷ will enter an interest rate of 2% into the i register.

The r 12x function will multiply a number of years by 12 and enter the result as the number of monthly periods.

Example

30 year loan which is compounded monthly

30 r 12x will enter 360 periods into the n register.

Determining Present Value: Solving for PV

¾Touch b CLEARFIN to reset financial registers

¾Enter the number of payment periods and touch n

¾ Enter the interest rate and touch i .

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.

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Contents Owners Guide V12 Financial Calculator Preface Where to Start Other Financial Calculations Branch & Loop Programs Where to Start Entering Large Amounts Entries DisplayEEX Entering Small AmountsALG and RPN Setting Functions Using the Clear FunctionSequential Calculations in ALG method Sequential Calculations in RPN method RPN methodStorage Capacity and Recalling Entered Data C T O R T E C H N O L O G Y Using the Financial Storage Registers Resetting Saved DataFirst Steps to Financial Functions Saving to a RegisterINT CHSEntries ALG Display Entries RPN Display Basic Financial Calculations Term Definition KEYPMT 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 RCL Other Financial CalculationsNPV Net Present Value CHS CF0 Entries Display REGGrouped Cash Flows Entries RPN Display REG STO Replacing Current Cash Flow Value DataNPV 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 Decimal Place Display Settings Other Operational FeaturesStatus Icons Scientific Notation Display Settings Other Display Settings Error Display Full Figure DisplayPrefix Underflow and Overflow DisplayRunning Display LSTStatistical Features and Functions ↔ yRecovering Incorrectly Entered Statistical Data Standard Deviation Entries Child Height Inches Weight lbs = = y-values ValuesMean Values Linear Estimates for x and y Weighted Mean Values Mathematical Features and Functions Entries DisplayFrac Integer ValuesIntg Rounded ValuesFactorial Values RNDExponential Values Square Root Values Logarithm ValuesSquared Values Reciprocal Values Power Features in RPN method Power Features in ALG methodEntries ALG Display Enter 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