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

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.

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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.