Victor Technology V12 manual Amortization Function

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

Example

ENTRIES (RPN)

DISPLAY

 

 

 

 

 

 

 

 

0.00

b

 

FIN

 

 

 

 

 

Clears the financial registers.

 

 

 

 

 

 

 

 

360 n

360.00

Displays 360 months for a 30 year loan.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

-70,000.00

-70000

 

FV

Displays the future value required to pay off the

 

 

 

 

 

 

 

 

loan (the balloon payment)

 

 

 

 

 

 

 

 

-2,328.52

 

PMT

 

 

 

 

Displays the monthly payment required to reach a

 

 

 

 

 

 

 

 

$70.000 balloon payment.

Amortization Function

To Amortize is to liquidate a debt, such as a mortgage by installment payments. Amortization is the gradual elimination of a liability, such as a mortgage, in regular payments over a specified period of time. Such payments must be sufficient to cover both principal and interest. With the Amortization Function the V12 can calculate the total amount of principle (liability) and interest paid after a specified number of installments.

The following steps are required to determine the Amortization status of a loan:

•Push b CLEAR FIN first to reset financial registers of previous data

• Using i or r 12÷ , enter periodic interest rate

•Enter the principal using PV

•Enter the periodic payment, then push CHS PMT

• Select r BEG or r END to set the payment function

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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 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 Using the Financial Storage Registers Resetting Saved DataFirst Steps to Financial Functions Saving to a RegisterEntries ALG Display CHSINT 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 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 Other Display Settings Error Display Full Figure DisplayPrefix 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 DisplayFrac Integer ValuesIntg 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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