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... of Difficulty 98 Texas Instruments Support and Service 99 Texas Instruments (TI) Warranty Information 100 Index 103 iv Reference Information 83 Formulas 83 Error Messages 94 Accuracy Information 95 AOS™ (Algebraic Operating System) Calculations 96 Battery Information 97 In Case of a Lease with Uneven Payments 48 4 Bond Worksheet 51 Bond Worksheet Variables 52 Bond Worksheet Terminology 54...
... of Difficulty 98 Texas Instruments Support and Service 99 Texas Instruments (TI) Warranty Information 100 Index 103 iv Reference Information 83 Formulas 83 Error Messages 94 Accuracy Information 95 AOS™ (Algebraic Operating System) Calculations 96 Battery Information 97 In Case of a Lease with Uneven Payments 48 4 Bond Worksheet 51 Bond Worksheet Variables 52 Bond Worksheet Terminology 54...
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...calculator formats, press & z with the Bond and Date worksheets and the French depreciation methods. Choosing the Angle Units The angle unit value affects the display of results in the upper right corner of the display. When you select radians, the RAD indicator appears in trigonometric calculations... of degrees. Note: All examples in the date, press !. Choosing Calculation Methods When you choose the chain (Chn) calculation method, the calculator solves problems in the order that you enter them. (Most financial calculators use AOS.) For example, when you key in this convention: mm....
...calculator formats, press & z with the Bond and Date worksheets and the French depreciation methods. Choosing the Angle Units The angle unit value affects the display of results in the upper right corner of the display. When you select radians, the RAD indicator appears in trigonometric calculations... of degrees. Note: All examples in the date, press !. Choosing Calculation Methods When you choose the chain (Chn) calculation method, the calculator solves problems in the order that you enter them. (Most financial calculators use AOS.) For example, when you key in this convention: mm....
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... price to enter a number in scientific notation. (See "Choosing Calculation Methods" on page 4.) Scientific Notation ; For example, working in the Bond worksheet, you can press ; to the nearest penny (two decimal places) before continuing your calculation. Note: The calculator stores values to be displayed, the calculator displays it in 3 < 10 ; 3. When you compute a value in... Decimal Places Displayed" on page 5.) For example, to enter 3 Q 103, key in scientific notation, that is either too large or small to an accuracy of Calculator Operations 11
... price to enter a number in scientific notation. (See "Choosing Calculation Methods" on page 4.) Scientific Notation ; For example, working in the Bond worksheet, you can press ; to the nearest penny (two decimal places) before continuing your calculation. Note: The calculator stores values to be displayed, the calculator displays it in 3 < 10 ; 3. When you compute a value in... Decimal Places Displayed" on page 5.) For example, to enter 3 Q 103, key in scientific notation, that is either too large or small to an accuracy of Calculator Operations 11
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...[ Amortization worksheet Performs amortization (Chapter 2) calculations and generates an amortization schedule & \ Cash Flow worksheet (Chapter 3) Analyzes unequal cash flows by & ' calculating net present value and internal rate of return Bond worksheet (Chapter 4) Computes bond price and yield & l to worksheet ...off the calculator, the calculator retains all variables are prompted. To Key in a new calculation Recall the last answer Complete the calculation Press 2 ; & x N Display 2.00 4.00 16.00 Using Worksheets: Tools for Financial Solutions The calculator contains worksheets...
...[ Amortization worksheet Performs amortization (Chapter 2) calculations and generates an amortization schedule & \ Cash Flow worksheet (Chapter 3) Analyzes unequal cash flows by & ' calculating net present value and internal rate of return Bond worksheet (Chapter 4) Computes bond price and yield & l to worksheet ...off the calculator, the calculator retains all variables are prompted. To Key in a new calculation Recall the last answer Complete the calculation Press 2 ; & x N Display 2.00 4.00 16.00 Using Worksheets: Tools for Financial Solutions The calculator contains worksheets...
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... the variable label with settings, the calculator displays the SET indicator and the current setting. Enter-or-Compute Variables in the TVM Worksheet You can either enter or compute values for example, the Bond worksheet YLD and PRI variables). When you to press % to compute its value. ...When you select variables with the ENTER and COMPUTE indicators. • The ENTER indicator prompts you must be in the standard-calculator mode to press %. Enter-or-Compute...
... the variable label with settings, the calculator displays the SET indicator and the current setting. Enter-or-Compute Variables in the TVM Worksheet You can either enter or compute values for example, the Bond worksheet YLD and PRI variables). When you to press % to compute its value. ...When you select variables with the ENTER and COMPUTE indicators. • The ENTER indicator prompts you must be in the standard-calculator mode to press %. Enter-or-Compute...
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...of equal payments continuing indefinitely (for example, a preferred stock yielding a constant dollar dividend). What price should pay for a perpetual annuity due. To Calculate the present value for a perpetual annuity due. Press 110 6 15 2 N H 110 N Display 733.33 843.33 Answer: You should you ...pay $733.33 for a perpetual ordinary annuity and $843.33 for the bonds to calculator mode. Compute present value (annuity due). Example: Computing Perpetual Annuities To replace bricks in their highway system, the Land of the savings is...
...of equal payments continuing indefinitely (for example, a preferred stock yielding a constant dollar dividend). What price should pay for a perpetual annuity due. To Calculate the present value for a perpetual annuity due. Press 110 6 15 2 N H 110 N Display 733.33 843.33 Answer: You should you ...pay $733.33 for a perpetual ordinary annuity and $843.33 for the bonds to calculator mode. Compute present value (annuity due). Example: Computing Perpetual Annuities To replace bricks in their highway system, the Land of the savings is...
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...Error 6). To clear the error, press P. (See "Error Messages" on dates other than the coupon anniversary. • To access the Bond worksheet, press & l. • To access bond variables, press " or #. • To change the options for day-count methods (ACT and 360) and coupons per year (2/Y and ...1/Y), press & V once for each option. Note: Pressing # or " to navigate through the Bond worksheet before you compute bond price, yield to price bonds purchased on page 94.) Bond Worksheet 51 You can also use the date functions to maturity or call, and accrued interest.
...Error 6). To clear the error, press P. (See "Error Messages" on dates other than the coupon anniversary. • To access the Bond worksheet, press & l. • To access bond variables, press " or #. • To change the options for day-count methods (ACT and 360) and coupons per year (2/Y and ...1/Y), press & V once for each option. Note: Pressing # or " to navigate through the Bond worksheet before you compute bond price, yield to price bonds purchased on page 94.) Bond Worksheet 51 You can also use the date functions to maturity or call, and accrued interest.
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...following convention to key in either US or European format. (See "Setting Calculator Formats " on page 4.) • You can enter dates from January 1, 1950 through December 31, 2049. 52 Bond Worksheet Variable SDT CPN RDT RV Default 12-31-1990 0 12-31-1990... Variable ACT/360 2/Y, 1/Y YLD PRI Default ACT 2/Y 0 0 • To reset all calculator variables and formats to default values, including the Bond worksheet variables, press & } !. After keying in the Bond worksheet. Bond Worksheet Variables Variable Key Settlement date & l Annual coupon rate in percent # Redemption date # ...
...following convention to key in either US or European format. (See "Setting Calculator Formats " on page 4.) • You can enter dates from January 1, 1950 through December 31, 2049. 52 Bond Worksheet Variable SDT CPN RDT RV Default 12-31-1990 0 12-31-1990... Variable ACT/360 2/Y, 1/Y YLD PRI Default ACT 2/Y 0 0 • To reset all calculator variables and formats to default values, including the Bond worksheet variables, press & } !. After keying in the Bond worksheet. Bond Worksheet Variables Variable Key Settlement date & l Annual coupon rate in percent # Redemption date # ...
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...V. To change the day-count method, press & V. Entering CPN CPN represents the annual coupon rate as a percentage of the bond par value rather than the dollar amount of the bond par value: • For to maturity analysis, enter 100 for RV. • For to maturity, enter the maturity date for... # until ACT or 360 appears. 2. To compute to call analysis, enter the call date for RDT. - Setting the Coupon Frequency 1. • The calculator assumes that the redemption date (RDT) coincides with a coupon date: - To display the day-count method, press # until 1/Y or 2/Y appears...
...V. To change the day-count method, press & V. Entering CPN CPN represents the annual coupon rate as a percentage of the bond par value rather than the dollar amount of the bond par value: • For to maturity analysis, enter 100 for RV. • For to maturity, enter the maturity date for... # until ACT or 360 appears. 2. To compute to call analysis, enter the call date for RDT. - Setting the Coupon Frequency 1. • The calculator assumes that the redemption date (RDT) coincides with a coupon date: - To display the day-count method, press # until 1/Y or 2/Y appears...
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...date can be the date of maturity or, for a callable bond, the call date. Settlement Date The date on the bond. Discount Bond A bond selling for funds. The calculator treats the redemption value in the bond contract. Coupon Payment The periodic payment made to maturity takes ...redemption value (RV). 54 Bond Worksheet Bond Worksheet Terminology Term Definition Call Date A callable bond can be retired by the issuing agency before the maturity date. If the bond is redeemed at the maturity date, the redemption value is the bond's par value plus any , and the ...
...date can be the date of maturity or, for a callable bond, the call date. Settlement Date The date on the bond. Discount Bond A bond selling for funds. The calculator treats the redemption value in the bond contract. Coupon Payment The periodic payment made to maturity takes ...redemption value (RV). 54 Bond Worksheet Bond Worksheet Terminology Term Definition Call Date A callable bond can be retired by the issuing agency before the maturity date. If the bond is redeemed at the maturity date, the redemption value is the bond's par value plus any , and the ...
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...mm.ddyy (US) or dd.mmyy (European). To display the coupon frequency, press # until PRI appears. 2. Computing the Bond Yield (YLD) 1. Bond Worksheet 55 The calculator displays the computed YLD value. If necessary, change the day-count method, press & V. 3. To change the values and ...until you clear a worksheet. The calculator automatically computes AI in a value for each variable. To clear the worksheet, press & z. 3. Press # to display YLD, and then press %. Key in terms of dollars per $100 of par value. The Bond worksheet stores all values and settings ...
...mm.ddyy (US) or dd.mmyy (European). To display the coupon frequency, press # until PRI appears. 2. Computing the Bond Yield (YLD) 1. Bond Worksheet 55 The calculator displays the computed YLD value. If necessary, change the day-count method, press & V. 3. To change the values and ...until you clear a worksheet. The calculator automatically computes AI in a value for each variable. To clear the worksheet, press & z. 3. Press # to display YLD, and then press %. Key in terms of dollars per $100 of par value. The Bond worksheet stores all values and settings ...
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...accrued interest is . # RV = 100.00 Select 30/360 day-count # & V 360 method. Example: Computing Bond Price and Accrued Interest You consider buying a semiannual corporate bond maturing on December 31, 2007 and settling on the 30/360 day-count method with a coupon rate of 7%, redeemable ...at 100% of par value. Computing Bond Price and Accrued Interest To Press Display Select Bond worksheet. & l SDT = 12-31-1990 Enter settlement date. 6.1206 ! Leave two coupon payments # 2/Y per year. Enter ...
...accrued interest is . # RV = 100.00 Select 30/360 day-count # & V 360 method. Example: Computing Bond Price and Accrued Interest You consider buying a semiannual corporate bond maturing on December 31, 2007 and settling on the 30/360 day-count method with a coupon rate of 7%, redeemable ...at 100% of par value. Computing Bond Price and Accrued Interest To Press Display Select Bond worksheet. & l SDT = 12-31-1990 Enter settlement date. 6.1206 ! Leave two coupon payments # 2/Y per year. Enter ...
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...100 par value RV =redemption value of the security per year standard for the particular security involved (set to 1 or 2 in Bond worksheet) DSR =number of days from beginning of coupon period to redemption: Y = -⎝⎛--1--R-----0---V---0------+-----M--R P-1------0--R----0----I 100 + ⎛ ...periods per $100 par value (RV = 100 except in which the settlement date falls Y =annual yield (as a decimal; Standard Securities Calculation Methods. M 1 + ⎛ ⎝ D-----S----R-E × -Y--M ⎞ ⎠ - Reference Information 87 Yield (given price) with ...
...100 par value RV =redemption value of the security per year standard for the particular security involved (set to 1 or 2 in Bond worksheet) DSR =number of days from beginning of coupon period to redemption: Y = -⎝⎛--1--R-----0---V---0------+-----M--R P-1------0--R----0----I 100 + ⎛ ...periods per $100 par value (RV = 100 except in which the settlement date falls Y =annual yield (as a decimal; Standard Securities Calculation Methods. M 1 + ⎛ ⎝ D-----S----R-E × -Y--M ⎞ ⎠ - Reference Information 87 Yield (given price) with ...
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... 1 Overflow Possible Causes • A result is outside the range 0.5-9,999. • Bond worksheet: the RV, CPN, or PRI value _0. • Date worksheet: the computed date is zero. • Statistics worksheet: a calculation included X or Y values that are all the same. or M01 1 M01...to divide by zero (can occur internally). • Tried to compute BAL, PRN, and INT when P2 < P1. • Depreciation worksheet: a calculation included SAL > CST. Error Messages Note: To clear an error message, press P. when x is not an integer 0-69. • Tried to compute...
... 1 Overflow Possible Causes • A result is outside the range 0.5-9,999. • Bond worksheet: the RV, CPN, or PRI value _0. • Date worksheet: the computed date is zero. • Statistics worksheet: a calculation included X or Y values that are all the same. or M01 1 M01...to divide by zero (can occur internally). • Tried to compute BAL, PRN, and INT when P2 < P1. • Depreciation worksheet: a calculation included SAL > CST. Error Messages Note: To clear an error message, press P. when x is not an integer 0-69. • Tried to compute...
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...cash inflows are positive and outflows are negative.) • TVM, Cash Flow, and Bond worksheets: the LN (logarithm) input is invalid (for a very complex problem. Error 8 Canceled iterative calculation • TVM worksheet: $ was pressed to stop the evaluation of I/Y. •...Cash Flow worksheet: $ was pressed to stop the evaluation of MM.DDYY. • Bond worksheet: the calculator attempted a calculation with multiple sign changes. Accuracy Information The calculator stores results internally as the settlement date. Reference Information 95 The internal digits, or guard...
...cash inflows are positive and outflows are negative.) • TVM, Cash Flow, and Bond worksheets: the LN (logarithm) input is invalid (for a very complex problem. Error 8 Canceled iterative calculation • TVM worksheet: $ was pressed to stop the evaluation of I/Y. •...Cash Flow worksheet: $ was pressed to stop the evaluation of MM.DDYY. • Bond worksheet: the calculator attempted a calculation with multiple sign changes. Accuracy Information The calculator stores results internally as the settlement date. Reference Information 95 The internal digits, or guard...
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payments 22, 24 Bond accrued interest (AI) 52 price (PRI) 56 terminology 54 worksheet 51-56 Breakeven worksheet 78-79 C C/Y (compounding periods per year) 22, 24, 74 Calculation method 4, 5 Call date 54 Cash Flow 41 Cash Flow worksheet 41-50 Cash flows computing 44 ... 42, 43 editing 47 entering 42, 43 formulas 85 grouped 43 inserting 44 uneven 42 CFo (initial cash flow) 41 Chain (Chn) calculation 4, 5, 8 Chn (chain) calculation 4, 5, 8 Clearing calculations 6 calculator 6 characters 6 entry errors 6 error messages 6 errors 6 memory 6, 12 worksheets 6 Cnn (amount of nth cash flow) 41 Combinations...
payments 22, 24 Bond accrued interest (AI) 52 price (PRI) 56 terminology 54 worksheet 51-56 Breakeven worksheet 78-79 C C/Y (compounding periods per year) 22, 24, 74 Calculation method 4, 5 Call date 54 Cash Flow 41 Cash Flow worksheet 41-50 Cash flows computing 44 ... 42, 43 editing 47 entering 42, 43 formulas 85 grouped 43 inserting 44 uneven 42 CFo (initial cash flow) 41 Chain (Chn) calculation 4, 5, 8 Chn (chain) calculation 4, 5, 8 Clearing calculations 6 calculator 6 characters 6 entry errors 6 error messages 6 errors 6 memory 6, 12 worksheets 6 Cnn (amount of nth cash flow) 41 Combinations...
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... indicator 3 Error clearing 94 messages 94 Examples accrued interest 56 amortization schedule 38 amount to borrow 36 annuities 30 balloon payment 40 bond price 56 compound interest 71 computing basic loan payments 27 constants 13 converting interest 74 correcting an entry error 7 cost-sell-markup 72..., 65 F Face value 54 Factorial 10 FC (fixed cost) 78, 79 FCC statement ii Fixed cost (FC) 78, 79 Floating-decimal format 4 Fnn (frequency of nth cash flow) 41 Forecasting 65 Formats angle units 4, 5 calculation method 5 decimal places 4 number separators 4 setting 4 Formulas 30/360 day-count method ...
... indicator 3 Error clearing 94 messages 94 Examples accrued interest 56 amortization schedule 38 amount to borrow 36 annuities 30 balloon payment 40 bond price 56 compound interest 71 computing basic loan payments 27 constants 13 converting interest 74 correcting an entry error 7 cost-sell-markup 72..., 65 F Face value 54 Factorial 10 FC (fixed cost) 78, 79 FCC statement ii Fixed cost (FC) 78, 79 Floating-decimal format 4 Fnn (frequency of nth cash flow) 41 Forecasting 65 Formats angle units 4, 5 calculation method 5 decimal places 4 number separators 4 setting 4 Formulas 30/360 day-count method ...
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... than one coupon period to redemption) 88 bond yield (one -variable data 66 Y value 63, 65 Frequency of nth cash flow (Fnn) 41 Frequency of X value (Ynn) 65 Future value (FV) 22, 23, ... margin) 77 Math operations 8 Mean of X (v) 63, 65 Mean of Y (v) 63 Memory arithmetic 12 clearing 12 examples 12 recalling from 12 storing to redemption) 87 bonds 87 breakeven 92 cash flow 85 days between dates 92 depreciation 88 depreciation, declining-balance 90 depreciation, straight-line 89 depreciation, sum-of return (MOD...
... than one coupon period to redemption) 88 bond yield (one -variable data 66 Y value 63, 65 Frequency of nth cash flow (Fnn) 41 Frequency of X value (Ynn) 65 Future value (FV) 22, 23, ... margin) 77 Math operations 8 Mean of X (v) 63, 65 Mean of Y (v) 63 Memory arithmetic 12 clearing 12 examples 12 recalling from 12 storing to redemption) 87 bonds 87 breakeven 92 cash flow 85 days between dates 92 depreciation 88 depreciation, declining-balance 90 depreciation, straight-line 89 depreciation, sum-of return (MOD...
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... 71, 72 Old value (OLD) 70, 71, 72 One coupon per year (1/Y) 52, 53, 55 One-variable statistics (1-V) 63, 65 Outflows 21, 25 Overview of calculator operation 1- 19 P P (unit price) 78, 79 P/Y (payments per year) 22, 24, 25 P1 (starting payment) 22, 24 P2 (ending payment) 22, ... paid (PRN) 22, 24 PRN (principal paid) 22, 24 Procedures computing accrued interest 55 computing basic loan interest 26 computing bond price 55 computing bond yield 55 computing breakeven 79 computing breakeven quantity 79 computing compound interest 70 computing cost-sell-markup 70 computing dates 75 computing internal ...
... 71, 72 Old value (OLD) 70, 71, 72 One coupon per year (1/Y) 52, 53, 55 One-variable statistics (1-V) 63, 65 Outflows 21, 25 Overview of calculator operation 1- 19 P P (unit price) 78, 79 P/Y (payments per year) 22, 24, 25 P1 (starting payment) 22, 24 P2 (ending payment) 22, ... paid (PRN) 22, 24 PRN (principal paid) 22, 24 Procedures computing accrued interest 55 computing basic loan interest 26 computing bond price 55 computing bond yield 55 computing breakeven 79 computing breakeven quantity 79 computing compound interest 70 computing cost-sell-markup 70 computing dates 75 computing internal ...
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... a depreciation schedule 60 generating amortization schedules 25, 26 inserting cash flows 44 selecting a depreciation method 60 selecting a statistics calculation method 67 selecting bond settings 55 using the memory worksheet 80 Profit (PFT) 78, 79 Profit margin (MAR) 77 Profit Margin worksheet 76-...42 date variables 75 depreciation variables 58 interest conversion variables 73 percent change/compound interest variables 70 statistics variables 64 TVM variables 23 Resetting calculator 6 hard reset 6 pressing keys 6 RI (reinvestment rate) 41 Rounding 10, 96 RV (redemption value) 52, 53, 54, ...
... a depreciation schedule 60 generating amortization schedules 25, 26 inserting cash flows 44 selecting a depreciation method 60 selecting a statistics calculation method 67 selecting bond settings 55 using the memory worksheet 80 Profit (PFT) 78, 79 Profit margin (MAR) 77 Profit Margin worksheet 76-...42 date variables 75 depreciation variables 58 interest conversion variables 73 percent change/compound interest variables 70 statistics variables 64 TVM variables 23 Resetting calculator 6 hard reset 6 pressing keys 6 RI (reinvestment rate) 41 Rounding 10, 96 RV (redemption value) 52, 53, 54, ...