Victor Technology V12 Manual Do Utilizador

.

i

.

 

------------ 
The V12 is calculating the value. 
0.50 
Displays the monthly interest rate. 

 

Example 
8 % annual interest, which is compounded quarterly for 3 years:  

 n  is number of quarters (3 * 4=12) 
 i  is interest rate per quarter (8% ÷ 4 = 0.02%) 

 
If interest rate was compounded monthly,  n  would be 8% ÷ 12 =0.006  
 
Since many financial calculations utilize an annual interest rate compounded 
monthly, the V12 has two functions to simplify the entry of interest rate and 
periods.  The   r    12÷ function will divide an annual interest rate by 12 and 
enter the result as the monthly interest rate.   
 
Example 
24% annual interest which is compounded monthly  
24  r    12÷ will enter an interest rate of 2% into the  i

.

  register. 

 
The  r    12x function will multiply a number of years by 12 and enter the result 
as the number of monthly periods. 
 
Example 
30 year loan which is compounded monthly  
30  r    12x  will enter 360 periods into the  n

.

 register.

 

 
Determining Present Value:  Solving for PV 

¾

  Touch  b    CLEAR   FIN  to reset financial registers 

¾

  Enter the number of payment periods and touch  n

.

 

¾

  Enter the interest rate and touch   i

.

. 

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.