4
Financial Calculator User’s Guide
When solving for
,
, and
, Avigo uses the payment rounded
to the number of decimal places specified by the display format you selected on
the third screen. If the decimal format is set to two places, the results on the
second screen reflect payments made to the penny.
When solving for
…
, however, the calculator uses the unrounded value for
„
. Thus, a computed value for
after a specified number of payments
may be slightly different than a computed value for
…
after the same number
of payments.
On the third screen you tell the
Financial-TVM
how you want the calculations to be
computed. The
TVM
lets you specify whether the interest per year (
‡
) is an
annual percentage rate (
Œ
) or an annual effective rate (
‹
). The method you
select depends on the transaction.
•
If you select
‹
, it is assumed that the number of compounding periods per
year is 1 regardless of the number of payments per year.
•
If you select
Œ
, it is assumed that the number of compounding periods per
year is equal to the number of payments per year. However, when you select
Œ
, you can tap on the
Compounds/year
input field and set the number of
compounds per year to whatever number you want, up to a maximum of 366
Payments/year
and
Compounds/year
.
You must also indicate if you want the calculation based on payments made at the
beginning (
‰
) or at the end (
Š
) of the period.
•
The
‰
and
Š
options of the
TVM
application let you specify whether the
transaction is an
ordinary annuity
or an
annuity due
.
•
In ordinary annuities, the payments occur at the
end
of each payment period.
Most loans, including mortgages, are in this category. For ordinary annuities,
select the
Š
option.
•
In annuities due, payments occur at the
beginning
of each payment period.
Most leases are in this category. For annuities due, select the
‰
option.
•
Use the
Decimal place
field to indicate how many decimal places you want to
use in the calculation and display in the results.
•
Ç
on the third screen sets
Interest conversion
to
Œ
,
Payments/year
to 12,
Compounds/year
to 12,
Payment made at
to
Š
, and
Decimal place
to 2.
Содержание Avigo
Страница 1: ...Avigo Quick Start Guide Avigo Financial Calculator User s Guide Avigo User s Guide...
Страница 28: ...Introducing Avigo 1...
Страница 31: ...Setting Up Your Avigo 1...
Страница 46: ...Quick Start Short Cuts 2...
Страница 61: ...Planning Your Day 3...
Страница 62: ...3 2 Avigo User s Guide Contents Introduction 3 3 Using the Calendar 3 3 Six Months View 3 4 DayScan View 3 4 1...
Страница 65: ...Events To Remember 4...
Страница 73: ...Taming Your To Do List 5...
Страница 79: ...Keeping In Contact 6...
Страница 86: ...Organizing Your Data 7...
Страница 92: ...Turning Your Memos Into Action 8...
Страница 98: ...Facts Figures and Finances Tracking Your Expenses 9...
Страница 104: ...Making Your Sketches Paint A Thousand Words 10...
Страница 109: ...Making Everything Add Up 11...
Страница 116: ...Additional Features 12...
