Victor Technology V12 Determining Number of Periods Solving for n, Loan With Balloon Payment

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

Determining Number of Periods: Solving for n

To determine the number of compounding periods and the number of payments:

¾Touch b CLEARFIN to reset financial registers

¾Use i or r 12÷ to enter periodic interest rate.

¾Enter values for PV(present value), PMT (amount of payment), FV (future value)

¾Select payment function by touching r BEG or r END

 

¾ Touch n

to calculate number of periods or payments

Example

 

 

 

ENTRIES (RPN)

 

 

DISPLAY

 

 

 

 

 

 

 

 

 

 

0.00

b

 

FIN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Clears the financial registers.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

0.50

6 r

 

i

 

 

Displays the interest rate of 6% per year or 0.5%

 

 

 

 

 

 

 

 

 

 

per month.

 

 

 

 

 

 

 

 

 

 

400.000.00

400000

PV

 

 

 

 

 

 

 

Displays the loan amount or present value.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

-2,398.20

2398.202

CHS

 

PMT

 

 

Displays the monthly payment.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

360.00

n

 

 

 

 

 

 

 

 

 

Displays the number of periods (months) required

 

 

 

 

 

 

 

 

 

 

to pay off the loan.

Loan With Balloon Payment

A common transaction is a loan with a balloon payment. In this case, the borrower makes a fixed payment each period until the end of the loan term. At the end of the term, the borrower makes one large final payment. The example below illustrates a $400,000 loan, at 6% annual interest paid monthly for 30 years with a balloon payment of $70,000.

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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 EEXALG 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 Saving to a Register Using the Financial Storage RegistersResetting Saved Data First Steps to Financial FunctionsINT CHSEntries 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 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 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 Decimal Place Display Settings Other Operational FeaturesStatus 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 Standard Deviation Entries Child Height Inches Weight lbs = = y-values ValuesMean Values Linear Estimates for x and y Weighted Mean Values Entries Display Mathematical Features and FunctionsRounded Values FracInteger Values IntgFactorial Values RNDExponential Values Square Root Values Logarithm ValuesSquared Values Reciprocal Values Power Features in RPN method Power Features in ALG 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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