Victor Technology V12 Manual Do Utilizador

To select payment type: 
Touch  r    END   if the payment will be made at the end of the period. 
Touch  r    BEG   if the payment will be made at the beginning of the period. 
Most transactions utilize an End of the period payment.  Note:  This manual will 
only show examples using End of the period payments. 
If the BEGIN icon is not showing on the display, the payment function is set to 
END. 
 
 
The special relationship between  i

In compound interest problems, the interest rate entered into  i   must correlate 
to the compounding period  n  in time (as in years, days, months, etc.) 
 
Determining Interest Rate:  Solving for  i

¾

  Touch  b    CLEAR   FIN  to reset financial registers 

¾

  Enter the number of payment periods and touch  n

.

 

¾

  Enter the present value of the loan and touch  PV. 

¾

  Enter the payment value per period (a negative number) and touch  

PMT. 

¾

  Enter the future value of the amount owed at the end of the payment 

periods, touch  CHS  to make the number negative, and touch  FV.  
Note:  If the amount owed at the end of the loan period will be zero, this 
step can be skipped. 

¾

  Touch the  i  key to calculate the interest rate per period. 

 
Example 

ENTRIES (RPN) 

DISPLAY 

 b    FIN 

0.00 
Clears the financial registers. 

360  n

.

 

360.00 
Enters 360 months for a 30 year loan. 

400000  PV 

400,000.00 
Enters the loan amount of $400,000. 

2398.202  CHS   PMT 

-2,398.20 
Displays the monthly payment