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

•Enter the number of payments that will be amortized using n

•Push b AMORT (will display amount from payments that will be applied to interest)

•Push x↔y (will display amount from payments that will be applied to principal)

• Push R↓ R↓ (will display number of payments to be amortized)

•Push RCL PV (will display remaining balance)

• Push RCL n (will display total number of payments amortized

If you repeat the Amortization function after an initial calculation, the V12 picks up where you left off. In other words, after you calculate the interest and principle paid after one year, the V12 resets the present value of the loan to the principle after one year. Calculation of Amortization will start from this point.

A common application of the Amortization function is to determine the amount of interest and principle paid on a mortgage for a given time period. The example below illustrates a 30 year loan with a principle of $400,000, a 6% annual interest rate, and monthly payment of $2,398.20. The task is to determine the interest and principle paid after 5 years or 60 months.

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

 

 

 

 

2398.20

CHS

 

PMT

 

Displays the payment required to pay off the loan

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

in 30 years (calculated in an earlier example)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

-116,109.58

 

 

 

 

60 b

 

AMORT

 

 

 

 

 

 

 

 

Displays the total interest paid after 60 months.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

-27,782.42

 

 

 

 

 

 

x ↔ y

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Displays the total principle paid after 60 months

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

21

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Victor Technology V12 manual Amort
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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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