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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

15

Page 15
Image 15
Victor Technology V12 manual Special relationship between i and n, Determining Interest Rate Solving for

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.