EL-738 Operation Manual
Page 3
... Memories 11 Editing and Correcting an Entry 13 Memory Calculations 14 Chapter 3: Financial Functions 17 General Information 17 TVM (Time Value of Money) Solver 22 Amortization Calculations 33 Discounted Cash Flow Analysis 37 Bond Calculations 44 Depreciation Calculations 48 Conversion between APR and EFF 51 Day and Date Calculations 52 Percent...
... Memories 11 Editing and Correcting an Entry 13 Memory Calculations 14 Chapter 3: Financial Functions 17 General Information 17 TVM (Time Value of Money) Solver 22 Amortization Calculations 33 Discounted Cash Flow Analysis 37 Bond Calculations 44 Depreciation Calculations 48 Conversion between APR and EFF 51 Day and Date Calculations 52 Percent...
EL-738 Operation Manual
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... calculations: Solve bond prices or yields to perform financial calculations. Day and date calculations: Calculate dates and the number of calculation methods. Amortization calculations: Calculate and create amortization schedules using three types of days between APR (annual, or nominal percentage rate) and EFF (effective interest rate). Depreciation calculations: Obtain depreciation base...
... calculations: Solve bond prices or yields to perform financial calculations. Day and date calculations: Calculate dates and the number of calculation methods. Amortization calculations: Calculate and create amortization schedules using three types of days between APR (annual, or nominal percentage rate) and EFF (effective interest rate). Depreciation calculations: Obtain depreciation base...
EL-738 Operation Manual
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... retain their previously entered values. If you wish to page 28 for details. ". 22 Note: Discounted cash flow analysis can be done using . An amortization schedule can be calculated using . Variables used in the TVM solver (see page 37). ". Refer to clear all the data, press . These include calculations for...
... retain their previously entered values. If you wish to page 28 for details. ". 22 Note: Discounted cash flow analysis can be done using . An amortization schedule can be calculated using . Variables used in the TVM solver (see page 37). ". Refer to clear all the data, press . These include calculations for...
EL-738 Operation Manual
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After entering values, press s to quit the P/Y and C/Y settings. • After setting P/Y (number of payments per year), you can use . < to C/Y as well. The same value is automatically assigned to enter N (total number of years and press . Values entered into TVM solver variables. • Enter a value and press the appropriate TVM variable key (N, f, v, u, T). • Press . 3. w and then enter a value for P/Y. Enter the number of payments). Enter values into P/Y or C/Y must be positive.
After entering values, press s to quit the P/Y and C/Y settings. • After setting P/Y (number of payments per year), you can use . < to C/Y as well. The same value is automatically assigned to enter N (total number of years and press . Values entered into TVM solver variables. • Enter a value and press the appropriate TVM variable key (N, f, v, u, T). • Press . 3. w and then enter a value for P/Y. Enter the number of payments). Enter values into P/Y or C/Y must be positive.
EL-738 Operation Manual
Page 26
... payments are $1,255.86. 25 2 Calculating basic loan payments Calculate the quarterly payment for a $56,000 mortgage loan at 6.5% compounded quarterly during its 20-year amortization period. Quit the P/Y and C/Y set (BGN is set -
... payments are $1,255.86. 25 2 Calculating basic loan payments Calculate the quarterly payment for a $56,000 mortgage loan at 6.5% compounded quarterly during its 20-year amortization period. Quit the P/Y and C/Y set (BGN is set -
EL-738 Operation Manual
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... calculated automatically, so no default values are set. • AMRT P1 and AMRT P2 must be between 1 and 9,999. Variables used in amortization Variable AMRT P1 AMRT P2 BALANCE ΣPRINCIPAL ΣINTEREST Description Start of payment (nth time) End of N, I/Y, PV, PMT, FV,... P/Y and C/Y. 4. Press s to enter values into TVM variables. Select ordinary annuity or annuity due using amortization, you wish to use amortization calculation. 5. Display values for BALANCE, ΣPRINCIPAL and ΣINTEREST by pressing i once for "AMRT P1" and press Q. Note:...
... calculated automatically, so no default values are set. • AMRT P1 and AMRT P2 must be between 1 and 9,999. Variables used in amortization Variable AMRT P1 AMRT P2 BALANCE ΣPRINCIPAL ΣINTEREST Description Start of payment (nth time) End of N, I/Y, PV, PMT, FV,... P/Y and C/Y. 4. Press s to enter values into TVM variables. Select ordinary annuity or annuity due using amortization, you wish to use amortization calculation. 5. Display values for BALANCE, ΣPRINCIPAL and ΣINTEREST by pressing i once for "AMRT P1" and press Q. Note:...
EL-738 Operation Manual
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...of a 20-year loan with a loan amount of payment will clear the value entered. 1 Calculating mortgage payments and generating an amortization schedule 1. PMT= -61656 Now generate an amortization schedule for the first year. 8. Procedure Key operation Change to calculate the next period of the loan. Enter 5 ... all the variables to 7 above. • If you press @ during entry will be automatically calculated and displayed. • To end amortization calculations, press s. b Display 000 Make sure ordinary annuity is set (BGN is not displayed). Key operation .
...of a 20-year loan with a loan amount of payment will clear the value entered. 1 Calculating mortgage payments and generating an amortization schedule 1. PMT= -61656 Now generate an amortization schedule for the first year. 8. Procedure Key operation Change to calculate the next period of the loan. Enter 5 ... all the variables to 7 above. • If you press @ during entry will be automatically calculated and displayed. • To end amortization calculations, press s. b Display 000 Make sure ordinary annuity is set (BGN is not displayed). Key operation .
EL-738 Operation Manual
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...) for the starting payment. Display AMRT P2= 2900 BALANCE= 8357421 Display the principal paid . i ÍPRINCIPAL= -276171 Display the interest paid . Calculate the amortization schedule for the ending payment. i 6 Q Enter 17 (December) i 17 Q for the second year. i ÍINTEREST= -463701 5. i ÍPRINCIPAL... above operation for the third year. Procedure Display the principal paid . Procedure Key operation Change amortization schedule to the third year and enter the next 12 months automatically. BALANCE= 8633592 Display the principal paid . Calculate the...
...) for the starting payment. Display AMRT P2= 2900 BALANCE= 8357421 Display the principal paid . i ÍPRINCIPAL= -276171 Display the interest paid . Calculate the amortization schedule for the ending payment. i 6 Q Enter 17 (December) i 17 Q for the second year. i ÍINTEREST= -463701 5. i ÍPRINCIPAL... above operation for the third year. Procedure Display the principal paid . Procedure Key operation Change amortization schedule to the third year and enter the next 12 months automatically. BALANCE= 8633592 Display the principal paid . Calculate the...
EL-738 Operation Manual
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... due, what amount of monthly payment must you make with an annual interest rate of 8.5%. Now generate an amortization schedule from the first to default values. Procedure Key operation Display Change to amortization * 1 Q calculation and enter 1 for the ending payment. If, after the 48th period would be ? Set TVM solver variables...
... due, what amount of monthly payment must you make with an annual interest rate of 8.5%. Now generate an amortization schedule from the first to default values. Procedure Key operation Display Change to amortization * 1 Q calculation and enter 1 for the ending payment. If, after the 48th period would be ? Set TVM solver variables...
EL-738 Operation Manual
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... maxi- Appendix Financial Calculation Formulas TVM solver PMT, PV, FV, N Error If PMT ≠ 0 or N ≠ 1 then find i using the following equations: + Error i≤ -1 Amortization calculations Calculations (for PV, PMT, and i, see the TVM solver) END INT(1) = ROUND(-PV × i) BGN INT(1) = 0 PRN(1) = -INT(1) + ROUND(PMT) BAL(1) = PRN(1) + PV INT...
... maxi- Appendix Financial Calculation Formulas TVM solver PMT, PV, FV, N Error If PMT ≠ 0 or N ≠ 1 then find i using the following equations: + Error i≤ -1 Amortization calculations Calculations (for PV, PMT, and i, see the TVM solver) END INT(1) = ROUND(-PV × i) BGN INT(1) = 0 PRN(1) = -INT(1) + ROUND(PMT) BAL(1) = PRN(1) + PV INT...