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Casio Financial Consultant FC-100V, Руководство пользователя

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Casio Financial Consultant FC-100V Скачать руководство пользователя страница 12

Doing Amortization with AMRT 

QED Education Scientific 

9 

SOLVE 

 With [PMT] now selected, press 

   to solve it.  

 
Thus  the  new  monthly  payment  is  $252.91,  which  exceeds  the  original  monthly 
payment of $235. Clearly the re-financing exercise is not profitable. 

█

 

 
 
 
 
 
 

Output: PMT = 252.9130458 

Содержание Financial Consultant FC-100V

Страница 1: ...Casio Financial Consultant Casio Financial Consultant A Supplementary Reader Part 2 An Electronic Publication By QED Education Scientific ...

Страница 2: ...s QED Education Scientific i CASIO Financial Consultant A Supplementary Reader Part 2 CONTENTS Page Introduction ii Compound Interest with CMPD 1 Doing Amortization with AMRT 4 FC 200V FC 100V Comparison Chart ...

Страница 3: ...erations of some scientific calculations are different too We refer ONLY to FC 200V in all examples but owner of FC 100V will find that the examples provided also work on their machine We have referred to these resources for inspiration i Schaum s Outlines on Mathematics of Finance and ii Casio s Financial Activity for TVM Screenshots in the pages are screen dumps from the Casio AFX 2 0 For this w...

Страница 4: ...tial month calculation as dn CI Example 2 Find the compound interest on 1 000 for 2 years at 12 compounded semi annually or 12 2 j In CMPD mode n is the number of compound periods P Y is the number of annual payment while C Y is the number of annual compounding Check page E 45 of the User Guide Operation As interest is compounded twice a year the number of compound periods is n 2x2 4 Also interest...

Страница 5: ...ct PMT and solve it Therefore the monthly installment of the mortgage loan is about 659 70 Suppose the mortgage loan above is calculated based on daily interest so to find the monthly repayment we set C Y as 365 and then solve for PMT again The CMPD mode also enables user to find other parameters such as interest rate Example 4 The earning per share of common stock of a company increased from 4 85...

Страница 6: ... his payments for November December January and February What payment will be required in March to put him back on schedule if interest is at 4 14 12 j In this example Set End n 5 months I 14 4 PMT 250 P Y C Y 12 Other parameters 0 Operation Once entered CMPD mode make sure that Set End is shown Enter 5 for n 14 4 for I 0 for PV 250 for PMT 12 for both P Y and C Y Scroll up to select FV and solve ...

Страница 7: ...payment over 2 years at 7 12 j Find the outstanding principal balance after 8 months Check page E 55 of the user guide for definitions of PM1 PM2 BAL INT PRN INT and PRN For this example n 2x12 24 I 7 PV 5 000 P Y C Y 12 Other parameters 0 Operation As we need to know the monthly payment of the loan so we begin at CMPD mode When monthly payment is found we proceed to AMRT mode for other calculatio...

Страница 8: ...er those values again Enter AMRT mode scroll down to enter 9 for PM1 make sure PM2 is not 0 Scroll down further to select INT Solve and solve it Therefore the interest portion of this 9th payment is about 19 90 Return to AMRT and then scroll to select PRN Solve and solve it The calculator indicates that the principal portion of 9th payment is about 203 97 Example 3 Lucas borrows 35 000 at 3 12 j t...

Страница 9: ...well as the length of time needed to repay the debt Example 4 QED Finance issues mortgages where payments are determined by interest rate that prevails on the day the loan is made The monthly payments do not change although the interest rate varies according to market forces However the duration required to repay the loan will change accordingly as a result of this Suppose a person takes out a 20 ...

Страница 10: ...o CMPD mode enter the new outstanding balance as PV and enter 10 for I Note that the new outstanding balance is now stored in the Answer Memory Once these values are entered scroll up to select n and solve it Thus there are 265 more payment of 629 81 plus a final smaller payment In other words the new loan duration is 266 months or total is 24 266 290 months Finally we find the future value of the...

Страница 11: ...s banker would lend him the money at 5 13 12 j Should he re finance Operation First let s find the monthly payment of the loan Enter CMPD mode make sure calculator displays Set End Then scroll down and enter 48 for n 18 for I 8000 for PV 0 for FV 12 for P Y and C Y Scroll up to select PMT and solve it So the monthly payment is about 235 and the outstanding principal after 20 payments would be abou...

Страница 12: ... Education Scientific 9 SOLVE With PMT now selected press to solve it Thus the new monthly payment is 252 91 which exceeds the original monthly payment of 235 Clearly the re financing exercise is not profitable Output PMT 252 9130458 ...

Страница 13: ...es Yes Days and Date Calculation Yes Yes Depreciation Yes Bonds Yes Breakeven Point Yes Key Applications Business and Finance Studies Banking and Banking Studies Insurance and Financial Planning Investment Appraisal Stock Market and Bonds Business and Financial Investment Product Features Expression Entry Method Algebraic Screen Display 4 Lines x 16 Characters Memory plus Ans Memory 8 Programmable...

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