Casio FC-100V User Manual

E-59
A Calculation Formulas
a:Interest portion of payment PM1 (INT)
INT PM1 = I BAL PM1–1 × i I × (PMT sign)
b:Principal portion of payment PM1 (PRN)
PRN PM1 = PMT + BAL PM1–1 × i
c:Principal balance upon completion of payment PM2
(BAL)
BALPM2 = BALPM2–1 + PRNPM2
d:Total principal paid from payment PM1 to payment PM2
(ΣPRN)
Σ
PRN = PRN PM1 + PRN PM1+1 + … + PRN PM2
PM2
PM1
e:Total interest paid from payment PM1 to payment PM2
(ΣINT)
•
a + b = one repayment (PMT)
Σ
INT = INTPM1 + INTPM1+1 + … + INTPM2
PM2
PM1
BAL0 = PV ....................... Payment: End
(Setup Screen)
INT1 = 0, PRN1 = PMT ... Payment: Begin
(Setup Screen)
Converting between the Nominal Interest Rate and
Effective Interest Rate
The nominal interest rate (
I % value input by user) is
converted to an effective interest rate (
I %´) for installment
loans where the number of annual payments is different
from the number of annual compoundings calculation
periods.
The following calculation is performed after conversion from
the nominal interest rate to the effective interest rate, and
the result is used for all subsequent calculations.
k Conversion Mode
• The Conversion (CNVR) Mode lets you convert between
the nominal interest rate (APR) and effective interest rate
(EFF).
I%' =
I%
(1+ ) –1
[C / Y ]
[P / Y ]
100 × [C / Y ]
{}
×100
i = I%'÷100

Casio FC-100V Specifications

General

Type	Financial
Cover	Yes
Form factor	Pocket
Control type	Buttons
Product color	Gray
Housing material	Plastic
Digits	10 digits
Display type	Dot-matrix
Display tilting	No
Display size (HxV)	31 x 96 mm
Display number of lines	4 lines
Display number of characters	15
Storage media type	Flash
Battery type	AAA
Power source	Battery
Battery life (max)	17000 h
Number of batteries supported	1
Operation	log, ln, 10x, ex, x2/ ^ / x√ , √, x-1, x!, nPr - nCr
Symbolic notation	Fraction, Square root
Conversion between	Decimal, Percent
Package type	Box
Package depth	245 mm
Package width	155 mm
Package height	43.1 mm
Package weight	368.7 g

Weight and Dimensions

Depth	161 mm
Width	80 mm
Height	13.7 mm
Weight	110 g