Using the Numeric Calculator:

The numeric calculator may be used in the same manner as a standard handheld calculator. Numbers may be entered by clicking the mouse on the calculator buttons or by clicking on the result window and entering numbers from the keyboard. Click on the = key to calculate the result. This calculator offers the unique feature of allowing arithmetic expressions to be directly entered into the result window. For example you may enter the expression:

(2*45)-7/14

then click in the = key for the result. Only use the arithmetic operators + - * / () within the result window. For all other operations, use the calculator buttons.

Using the Financial Calculator:

The financial calculator offers the same functionality as a handheld financial calculator. It can calculate any parameter of the "time value of money" function. With this calculator, all entries must be entered from the keyboard into the result windows. Any result may be transferred into the numeric calculator for further operations by clicking on the associated "<<" button. As with the numeric calculator, arithmetic expressions may be entered into any result window to aid calculation.

There are six parameters for the time-value-of-money function:

-Number of payment periods "N"

- Interest rate in percent "Int%"

- Present value "PV"

- Future Value "FV"

- Payment value "PMT"

- Number of payments in each payment period.

Examples:

To calculate the payment for a monthly 30-year loan of $100,000 at 8% interest:

- Enter 30 into the "N" window

- Enter 8 into the "Int%" windows

- Enter 100000 into the "PV" window (no commas or dollar sign)

- Enter 0 into the "FV" window

- Click on the "12" button to signify 12 payments-per-year

- Click on the "PMT" button to display the payment of $733.76

To calculate the value of  $10,000 bond that matures in 5 years and pays $500 biannually where the prevailing 5-year interest rate is 6%:

- Enter 5 into the "N" window

- Enter 6 into the "Int%" window

- Enter 10000 into the "FV" window

- Enter 500 into the "PMT" window

- Click on the "2" button to signify 2 payments-per-year

- Click on the "PV" button to display the present value of the bond at $11706.04

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