Warning: mysql_fetch_array() expects parameter 1 to be resource, boolean given in /home/newdedyk/domains/bkmanuals.com/public_html/includes/pages/manual_inc.php on line 26
HP 10 bII+ manuale d’uso - BKManuals

HP 10 bII+ manuale d’uso

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144

Vai alla pagina of

Un buon manuale d’uso

Le regole impongono al rivenditore l'obbligo di fornire all'acquirente, insieme alle merci, il manuale d’uso HP 10 bII+. La mancanza del manuale d’uso o le informazioni errate fornite al consumatore sono la base di una denuncia in caso di inosservanza del dispositivo con il contratto. Secondo la legge, l’inclusione del manuale d’uso in una forma diversa da quella cartacea è permessa, che viene spesso utilizzato recentemente, includendo una forma grafica o elettronica HP 10 bII+ o video didattici per gli utenti. La condizione è il suo carattere leggibile e comprensibile.

Che cosa è il manuale d’uso?

La parola deriva dal latino "instructio", cioè organizzare. Così, il manuale d’uso HP 10 bII+ descrive le fasi del procedimento. Lo scopo del manuale d’uso è istruire, facilitare lo avviamento, l'uso di attrezzature o l’esecuzione di determinate azioni. Il manuale è una raccolta di informazioni sull'oggetto/servizio, un suggerimento.

Purtroppo, pochi utenti prendono il tempo di leggere il manuale d’uso, e un buono manuale non solo permette di conoscere una serie di funzionalità aggiuntive del dispositivo acquistato, ma anche evitare la maggioranza dei guasti.

Quindi cosa dovrebbe contenere il manuale perfetto?

Innanzitutto, il manuale d’uso HP 10 bII+ dovrebbe contenere:
- informazioni sui dati tecnici del dispositivo HP 10 bII+
- nome del fabbricante e anno di fabbricazione HP 10 bII+
- istruzioni per l'uso, la regolazione e la manutenzione delle attrezzature HP 10 bII+
- segnaletica di sicurezza e certificati che confermano la conformità con le norme pertinenti

Perché non leggiamo i manuali d’uso?

Generalmente questo è dovuto alla mancanza di tempo e certezza per quanto riguarda la funzionalità specifica delle attrezzature acquistate. Purtroppo, la connessione e l’avvio HP 10 bII+ non sono sufficienti. Questo manuale contiene una serie di linee guida per funzionalità specifiche, la sicurezza, metodi di manutenzione (anche i mezzi che dovrebbero essere usati), eventuali difetti HP 10 bII+ e modi per risolvere i problemi più comuni durante l'uso. Infine, il manuale contiene le coordinate del servizio HP in assenza dell'efficacia delle soluzioni proposte. Attualmente, i manuali d’uso sotto forma di animazioni interessanti e video didattici che sono migliori che la brochure suscitano un interesse considerevole. Questo tipo di manuale permette all'utente di visualizzare tutto il video didattico senza saltare le specifiche e complicate descrizioni tecniche HP 10 bII+, come nel caso della versione cartacea.

Perché leggere il manuale d’uso?

Prima di tutto, contiene la risposta sulla struttura, le possibilità del dispositivo HP 10 bII+, l'uso di vari accessori ed una serie di informazioni per sfruttare totalmente tutte le caratteristiche e servizi.

Dopo l'acquisto di successo di attrezzature/dispositivo, prendere un momento per familiarizzare con tutte le parti del manuale d'uso HP 10 bII+. Attualmente, sono preparati con cura e tradotti per essere comprensibili non solo per gli utenti, ma per svolgere la loro funzione di base di informazioni e di aiuto.

Sommario del manuale d’uso

  • Pagina 1

    檔名: title _English- 050105. doc 頁碼: 第 1/2 頁 hp 10BII financial calculator user ’s guide Edition 1 HP part number F1902-90 001[...]

  • Pagina 2

    檔名: 10BII _English( MP02-2)- 040917( Print) 頁碼: 第 2/2 頁 Notice REGISTER YOUR PR ODUCT AT: www. register.hp.com THIS MANUAL AND A NY EXAMPLES CONTAINED HEREIN ARE PROVIDED “A S IS” AND ARE SUBJ ECT TO CH ANGE WITHOUT NOTICE. HEWLETT-PACKARD COMPANY MAKES NO WARRANT Y OF ANY K IND WITH REGARD TO TH IS MANUAL , INCLUDI NG, BUT NOT LIM [...]

  • Pagina 3

    Welcome to the HP 10BII 3 W elcome to the HP 10BII <R X U  + 3    % , ,  UHI OHFWVWKHV XSHULRUTXDOLWDQGDWWHQ WLRQWRGHWDLOLQ HQJLQHHULQ JDQGPDQXIDFWXULQ JWKDWKDYHGLVWLQJXLVKHG+HZOHWW3DFN DUG SURGXFWVIRU  HDUV  +HZOHWW3DFNDUG VWDQ GV EH KLQG WKLV?[...]

  • Pagina 4

    4 Welcome to the HP 10BII Features 7KH IHDWXUHVR IWK H+3%,, DQGWKH PDQXDOUHI OHFWWKHQHHGVDQG ZLVKHVRI PDQFXV WRP HUV $ODUJH FKDUDFWHUGLVS OD  $Q $WD*ODQFH VHFWLRQ LQWKHPDQXDOIR UTXLFNUHIHUHQFH $SSOLFDWLRQ VWRVR OYHEXVLQHVVDQG[...]

  • Pagina 5

    Contents 5 Contents 11 At a Glance. .. 11 %DVLFV³$WD* ODQFH 12 3HUFHQ WDJHV³$WD*ODQ FH 13 0HPRU .HV³ $WD*ODQFH« 14 7LPH9DOXHRI 0RQH 790³$WD*ODQFH« 15 790:KDWLI«³ $WD*ODQFH« 16 $PRUWL]DWLR Q³$WD*ODQ FH« 17 ,QWHUHV W5DWH&RQYHUV LRQ³$WD*ODQ [...]

  • Pagina 6

    6C o n t e n t s 2 33 Busine ss Perce ntage s 33 3HUFHQW.H 33 )LQGLQJD3HUFH QW 34 $GGLQJRU6XEWUDFWLQJD3H UFHQW 34 3HUFHQW&KDQ JH 35 0DUJLQDQG0DUNXS&DOFXODWLR QV 35 0DUJLQ&DOFXODWLRQV 35 0DUNXSRQ&R VW&DOFXODWLRQV 36 8VLQJ0DUJLQ DQG0DUNXS 7RJHWKHU 3 37 Number St orag e and [...]

  • Pagina 7

    Contents 7 5 53 Time Val ue of M oney Calcu latio ns 53 8VLQJWK H790$SS OLFDWLRQ 54 &OHDULQJ790 55 %HJLQDQG(Q G0RGHV 55 /RDQ &DO FX OD WL RQV 60 6DYLQJV&DOFXODWLRQ V 63 /HDVH&DOFXODWLR QV 67 $PRUWL]DWLR Q 72 ,QWHUHV W5DWH&RQYHUV LRQV 72 ,QYHVWPHQ WV:LWK'LI IHUHQW&RP SRXQ GLQJ[...]

  • Pagina 8

    8C o n t e n t s 8 95 Addi tion al E xamp les 95 %XVLQHVV$SS OLFDWLRQV 95 6HWWLQJD6DOHV3ULFH 96 )RUHFDVWLQJ %DVHGRQ +LVWRU 97 &RVW RI1RW  7DNL QJ D &DVK'L VFRX QW 98 /RDQVDQG0RU WJDJHV 98 6LPSOH$QQXDO,Q WHUHVW 98 &RQW LQ XRX V &RP SRXQ GLQJ 99 <LHOGRID'LVFR[...]

  • Pagina 9

    Contents 9 123 ,IWK H&DOFXODWRU5HTXLU HV6HUYLFH 123 2EWDLQ LQJ6HUYLFH 124 6HUYLFH&K DUJH 124 6KLS SLQJ,Q VWUXFWLRQV 124 :DUUDQ W RQ 6HUYLF H 125 6HUYLFH$JUH HPHQWV 125 5HJXODWRU ,QI RUPDWLRQ 126 (QGX VHU WHUPV DQG F RQGL W LRQV B 12 9 More Abou t Calcu lati ons 129 ,55<5&DOFXODWLRQ[...]

  • Pagina 10

    TOC.fm Page 1 0 Thursday, June 22, 2000 12:31 PM[...]

  • Pagina 11

    11 At a Glance... At a Glance... 7KLV VHFWLRQLV GHVLJQHGIRURXLIRX·UHDOUHDGIDPLOLDUZLWKFDOFXODWRU  RSHUDWLR QRUI LQDQFLDOFRQ FH SWV < RXFDQXVHLWIRUTXLFNUHIHUHQ FH7KH UHVWRIWKHP DQXDOLVILOOHGZLWKH[SODQ DWLRQVDQ GH[DPSOHVR IWKH FRQF[...]

  • Pagina 12

    12 At a Glance... P ercentages—At a Gl ance... $GGWR )LQGWKHPDU JLQLIWKHFR VWLVDQGVHOOLQJSU LFHLV ,IWKHFRV WLVDQGWKHPDU NXSLVZKDWLVWKHVHOOLQ JSULFH" 3HUFHQW?[...]

  • Pagina 13

    At a Glance... 1 3 Memory K e ys—At a Glance… 0XOWLSODQGEVWRULQJ´ïµDVDFR QVWDQ WRSHUDWLRQ  6WRUHLQUHJLVWHUWK HQUHFDOOLW 6WRUHVDFRQ VWDQWRS HUDWLRQ 6WRUHVDYDOXHLQWKH0UHJLVWHUPH PRU OR FDWL[...]

  • Pagina 14

    14 At a Glance... Time V alue of Mone y (TVM)—At a G lance… (QWHUDQIR XURI WKHILYHY DOXHVDQ GVROYHIRUWKHI LIWK $QHJD WLY HVLJQLQWKHGLVSODUH SUHV HQWVPRQ HSDLGRXW PRQHU HFHLY HGLVSRVLWLYH  ,IRXERU U RZ39IRU?[...]

  • Pagina 15

    At a Glance... 1 5 TVM What i f…—At a Glance… ,WLV QRWQHFHVVDU WR UHHQWHU790Y DOXHVIRUHDFK H[DPSOH 8VLQJWKHYDOXHVRXMXVWHQWHUHGSDJ H KRZPXFKFDQ RXERU URZLIRXZDQWDSDPHQWRI " +RZPXFKFDQRXERU URZ[...]

  • Pagina 16

    16 At a Glance... Amor tization—At a Glance… $IWHUFDOFXODWLQJDSDPHQ WXVLQJ7LPH9 DOXHR I0RQH  790HQWHUWKHSHU LRGVWRDPR UWL]HD QGSUHV V  7KHQS UHVV  WRFRQWLQXDOOFFOHWKU RXJKWKHS ULQFLSDO LQWHUHVWDQGEDOD QFHYDOXHVLQGLFDWHGEWKH?[...]

  • Pagina 17

    At a Glance... 1 7 Interest Rate Con ver sion—At a Glance… 7 RFRQYHUWEHWZHHQQR PLQDODQ GHIIHFWLY HLQWHUHVWUDWHV HQWHUWKHNQRZQ UDWHDQGWKHQXPE HURISHU LRGVSHU HDU WKHQVROYHIRUWK HXQNQRZQU DWH )LQGWKHDQQXDOHII HFWLY HLQWHUHVWUDWHRI QR[...]

  • Pagina 18

    18 At a Glance... IRR/Y R and N PV—At a Gla nce… ,IRXKDYHDQLQLWLDOFDVKRXWI ORZRIIR OORZHGEPRQWKOFDVK LQI ORZVRIDQGZKDWLVWK H ,55<5 " :K D WLV  [...]

  • Pagina 19

    At a Glance... 1 9 Statis tics—At a Glance… 8VLQJWKHI ROORZLQJGDWDILQ GWKHPHDQVRI  [ DQG WKHVDPSOHV WDQGDUG GHYLDWLRQVRI  [ DQG DQGWKH LQWHU FHSWDQGWK HVORSH RIWKHOLQHDU  UHJ UHVVLR QIRUHFDVWOLQH7KHQ XVHVXPPDWLRQVWDWLVWL[...]

  • Pagina 20

    20 At a Glance... Ke ys: Display: Description: 0.00 &OHDUVVWDWLVWLFVUHJLV WHUV  1.00 (QWHUVILUVW [ SDLU 2.00 (QWHUVVHFR QG [ SDLU 3.00 (QWHUVWKLUG [ S DLU  4.00 'LVSODVPHDQR I [  100.00 'LVSODVPHDQR I  2.00 'LVSODVVDPS OHVWDQ GDUGGHY[...]

  • Pagina 21

    At a Glance... 2 1 Key bo ard M a p 1. Time value of money (page 53) 2. Separate two numbers (page 28) 3. Per cent (page 33) 4. Constant (page 37) 5. Store and recal l (page 40) 6. Change sign (page 24) 7. Statistics key (page 27) 8. Shift key (page 27) 9. Clear display , cancel operation (page 2 5) 10. Clear all memor y (page 25) 11. On (page 87) [...]

  • Pagina 22

    fm Page 22 Sunday, June 25, 2000 2:21 PM[...]

  • Pagina 23

    1: Getting S tarted 23 1 Getting Star ted P ower On and Of f 7 R WXU QRQRXU+3 %,,SU HVV 7 RWXUQ WKHFDOFXODWRU  RIISUHVVWK HRUDQ JHVKLI WNH WKHQ DOVRZULWWHQ  6LQFHWKHFDOFXODWRUK DVFRQ WLQXRXVPHPRU WXU QLQJLWRI I GRH[...]

  • Pagina 24

    24 1: Getting Started :KHQD FDOFXODWLRQK DVE HHQFR PS OHWHGESUHVVLQ J SU HVVLQJD QXPEHUNHVWDU WVDQHZFDOFXODWLR Q ,IRXSUHVVD QRS HUDWRUNHDIWHUFRP SOHWLQJDFDOFXODWLR QWKH FDOFXODWLRQLVFR QWLQXHG < RXFDQGRFKDLQFDOFXODWLR QVZLW[...]

  • Pagina 25

    1: Getting S tarted 25 Understa nding the Display and Ke yboard Cursor 7KHFXU VRUBLVYLVLEOH ZKHQRXDUHHQWHULQ JDQXPEHU Clearing the Calculator :KHQ WKHFXUVRULVRQ HUDVHVWKHODVWGLJLW RXHQWHUHG 2WKHUZLVH FOHDUVWKHGLVSODDQGFDQ FHOVWKH FDO[...]

  • Pagina 26

    26 1: Getting Started Annunciators $QQXQFLDWRUVDU HVPE R OVLQWKHGLVS ODWKDWLQGLFDWHWKHVWDWXVR IWKH FDOFXODWRU Annunciator Status SHIFT 7K HVKLIWNH KDVEHHQSU HVVHG: KHQDQR WKHU NH LV  SUHVVHGW KH IXQFWLRQODEHOHG LQ RUDQJHRQ WKH NHLV[...]

  • Pagina 27

    1: Getting S tarted 27 Shift K e y 0RVWRI WKH+3%, ,NHVKDY HDVHFRQGR U´V KLIWHGµ IXQFWLRQ SULQWHGLQ RUDQJ HRQWK HNH 7K HRUDQ JHV KLI W NH LVXVHGWRDFFHVVWKHVH IXQFWLRQ V  :KHQ RXSUHVV WKHVKLIWDQQXQF LDWRU SHIF T ?[...]

  • Pagina 28

    28 1: Getting Started INPUT K ey 7KH  NHLVXVHGWRVH SD UDWHWZRQX PEHUV ZKHQXVLQJ WZ RQXPEH UI XQFWLRQV RUWZRYDULDEOHVWDWLVWLFV 7KH  NHFDQDOVREHXVHGWRHYDOXDWHDQSHQ GLQJDULWK PHWLF RSHUDWLR QVLQZKLFKFDVHWKHUHVXOWLVWKHV DPHDV[...]

  • Pagina 29

    1: Getting S tarted 29 T wo-Number Functions. :KHQDIXQ FWLRQUHTXLUHVWZR QXPEHUVWKHQXPEHUVDUHHQ WHUHGOLNHWKLV QXPEHU  QXPEHU IROORZHGE WKHRSHU DWLRQ3U HVVLQ J HYDOXDWHV WKHFXU UHQ WH[SUHVVLR QDQGGLVS ODVWKH INPUT  DQQXQFLDWRU) R UH[DPS OH[...]

  • Pagina 30

    30 1: Getting Started Speci fying Disp layed Decimal Pl aces 7 R VSHFLI WK HQXPEHURI GLVS ODHGGHFLPDOSODF HV  3UHVV   (Q WHUWK HQXPEHUR IGLJLWVWKURXJK WKDWRXZLVKWRDS SHDU  DIWHUWKHGHFLP DOSRLQ W :KHQDQXPEHULVWRR ODUJH RUW[...]

  • Pagina 31

    1: Getting S tarted 31 Displaying the Full Precision of Number s 7 RVHWRXUFDOFXODWRUWRGLVS ODQXPEHUVDVS UHF LVHODV SRVV LEOHSUHVV WUDLOLQJ]HURVDU HQRWGLVS ODHG 7 RWHPSRU DULOYLHZDOOGLJLWVRIWK HQXPEHU LQ WKHGLVSODUHJ DUGOHVVR IW[...]

  • Pagina 32

    32 1: Getting Started Rounding Numbers 7K HFDOFXODWRUV WRUHVDQGFDOFXODWHVXV LQJGLJLW QXPEHUV:KHQGLJLWDFFXUDFLVQR WGHVLUDEOHXVH WRURXQGWKHQXPEH UWRWKHGLVS ODHGIRU PD W EHIR UHXVLQJLWLQDFD OFXODWLRQ5RXQGLQJQXPEHUV LVXVHIXO?[...]

  • Pagina 33

    2: Business Percentages 3 3 2 Business P er c enta ges < RXFDQXVHWKH+3 %,,WRFDOF XODWHVLPS OHSHUF HQWS HUFHQ WFKDQJH FRVWSULFHPDUJLQ DQGPDU NXS  P e r cent Ke y 7KH  N HKDVWZRIXQFWLRQVI LQGLQJDS HUFHQWDQG DGGLQJRUVXE WUDFWLQJDSHU[...]

  • Pagina 34

    34 2: Business Percentages Adding or Subtracting a P er cent < RXFDQDGGRUVXE WUDFWDSHUF HQWLQ RQHFDOF XODWLRQ  Example . 'HFUHDV HE Example . < RX ERU URZ IURPD UHODWLY H DQG RXDJUHH  WR UHSD  WKH ORDQLQDHD U?[...]

  • Pagina 35

    2: Business Percentages 3 5 Mar gin and Markup Calculations 7KH+ 3%,,FD QFDOF XODWHFRVWVHOOLQ JSU LFHPDUJLQRU PDU NXS  7 R VHHDQ YDOXHXVHGEWKH0DUJLQDQG0DU NXSDSS OLFDWLR QSUH VV  DQGWKHQWKHNHRXZLVKWRVHH)RUH[DPSOHWRVHH[...]

  • Pagina 36

    36 2: Business Percentages Using Margin and Markup T og ether Example . $IR RGFRRSHUDWLYH EXVFDVHVRIFDQQH GVRXSZLWKDQLQY RLFH FRVWRI SH UFDVH  ,I WKH FRRS  URXWLQHOX VHV D  PD U NXS IRUZKDW SULFHVKR XOGLWVHOODFDVHRI [...]

  • Pagina 37

    3: Number Storag e and Arithmetic 37 3 Number Storage and Arithmetic Using S tored Num bers in Calc ulation s < RXFDQVWRUHQXPE HUVIRUUHXVHLQVHYHUDOGLIIHUH QWZD V 8VH &RQVWDQWWRVWR UHDQXPEHUDQGLWVR SHUDWR UIRUUH SHWLWLYH RSHUD WL RQV  8VH.H0HPR U ?[...]

  • Pagina 38

    38 3: Number Storage and Arithmetic Example . &DOFXODWHDQG Example . &DOFXODWHDQG Example . &DOFXODWH DQG  Keys Operat ion QXPEHU 6WRUHV´ QXPEHU µD[...]

  • Pagina 39

    3: Number Storag e and Arithmetic 39 Using t he M Register 7KH    DQG NHVSHUI RU P PHPRU RSHU DWLRQVRQ DVLQJOHVWRU DJH UHJLVWHUFDOOHGWKH0UHJLVWHU ,QPR VW FDVHVLWLVXQQHFHVVDU WRFOHDUWKH0UHJLVWHUVLQFH UHSODF HVWKHSU HYLRXVFRQWHQ WV [...]

  • Pagina 40

    40 3: Number Storage and Arithmetic Using Numbered Registers 7KH  DQG NHVDFFHVVWKHXVHU UHJLVWHUV7KH NHLVXVHGWRFRSWKHGLVS ODHGQXPEHUWRD GHVLJQDWHGUHJLVWHU7KH NHLVXVHGWRFRSDQXPEHU IURP DUHJLVWHUWR WKHGLVSOD  7 R V[...]

  • Pagina 41

    3: Number Storag e and Arithmetic 41 Doing Arithmetic Inside Registers < RXFDQGRDULWKP HWLFLQVLGHVWR UDJHUHJLV WHUV5 WKUR XJK5 7K HUHVXOW LVVWRUHGLQWKHU HJLVWHU  Examp le. 6WRUHLQ 5 P XOWLSOEDQGVWRUHWK HUHVXOWLQ5  Keys New[...]

  • Pagina 42

    42 3: Number Storage and Arithmetic Doing Arithmetic 0DWKIXQF WLRQVR SHUDWHRQWK HQXPEHULQ WKHGLVSOD  Example . &DOFXODWH  WKHQFDOFXODWH   Example . &DOFXODWHQD WXUDOORJDU LWKPH 7KHQF DOFXODWH Keys: Displ[...]

  • Pagina 43

    3: Number Storag e and Arithmetic 43 P ower Operator 7K HSRZHURSHUD WRU UDLVHVWKHS UHFHGLQJQXPEHU  YDOXHWRWKHSRZHURIWKHIROORZLQJQXPEHU  [ YDOXH Examp le. &DOFXODWH WKHQILQGWKHF XEHURR WRI Using P arentheses in Calculation[...]

  • Pagina 44

    44 3: Number Storage and Arithmetic 7 R GHOD  WKH GLYLVLRQXQWLO RX·YH VXEWUDFWHG IURP XVHSDUHQWKHV HV  &ORVLQJSD UHQWKH VHVDWWKHHQGRI WKHH[SUHV VLRQ FDQEHRP LWWHG) R U H[DPSOHHQWHULQJ´ ÷ ï ?[...]

  • Pagina 45

    4: Pi cturing Fina ncia l Pro blems 45 4 Picturing Financi al Pr ob lems How to approac h a Financial Prob lem 7KHI LQDQF LDOYRFDEXODU RIWKH+ 3%,,LV VLPSOLILHGWRDS SOWRDOO ILQDQFLDOI LHOGV ) RUH[DPSOHRXUSURIH VVLRQ PDXVHWKHWHU P  EDODQFH  EDOORRQSDPHQW ?[...]

  • Pagina 46

    46 4: Pict uri ng Fin anc ial Pr oble ms $QFDVKI ORZH[DP SOHFDQEHU HS UHVHQ WHGEDFDVKIORZGLDJ U DP$V RXGUDZDFDVKIORZGLDJ UD PLGHQWLIZKDWLVNQ RZQDQGXQNQRZQ  DERXWWKHWUDQ VDFWLRQ 7LPHLV UH SU HVHQWHG E D KRUL]R QWDO OLQH GLYLGHG LQWR[...]

  • Pagina 47

    4: Pi cturing Fina ncia l Pro blems 47 P eriods and Cash Flows ,QD GG LW LRQWR WK H VLJ Q FRQ Y HQW LRQ FDVK IORZ LQ J RXW  LV QHJDW L Y HF DVK IORZLQJLQ LVSRV LWLY HRQFDVKI ORZGLDJ UDPVWKHUHDUHVHYHUDOPRU H FRQVLGHUDWLR QV 7K H WLPH OLQH LV GLYLGHG[...]

  • Pagina 48

    48 4: Pict uri ng Fin anc ial Pr oble ms Compound Interest $FRPSR XQGLQWHU HVWFRQWUDFWLVOLNHDVHULHVR IVLPS OHLQWHUH VWFRQWUDFWV WKDW DUH FR QQH FWHG 7 K H OHQ JWK RI HDFK VLPS OHLQ WHUHVW FRQWUDFW LV HTXDOW R RQHFRP SRXQ GLQJSHULRG$WWKHHQ GRIHDFK?[...]

  • Pagina 49

    4: Pi cturing Fina ncia l Pro blems 49 Inte rest Rat es :KHQRXDSSURDFKD ILQDQFLDOSURE OHPLW LV LPSRU WDQWWRUHFRJQL]HWKDW WKHLQWHUHVWUDWHR UUDWHRI UHWXUQ FDQE HGHVFULEH GLQDWOHDVWWKUHH GLIIHUHQWZDV $V D S HULRGLFUDWH 7KLVLV WKHUDWH WKD[...]

  • Pagina 50

    50 4: Pict uri ng Fin anc ial Pr oble ms < RXFDQFDOFXODWHDQYDOXHDIWHUHQ WHULQJWKHR WKHUIRXU&DVKIORZ GLDJU DPVIR UORDQVPRU WJ DJHVOHDVHV VDYLQJVDFFRXQWVRUDQFR QWUDFW ZLWKUHJXODU FDVKIORZVRIWKH V DPHDPRXQWDUH QRU P DOOW UHDWHGDV[...]

  • Pagina 51

    4: Pi cturing Fina ncia l Pro blems 51 Recognizing a Cash Flow Pr ob lem $ILQDQFLDOS URE OHPWKDWGRHVQR WKDY HUHJXODUXQLIRU PSDPHQWV VRPHWLPHVFDOOHG XQHY HQ  FDVKI ORZVLVDFDVKIORZSUR EOHP UDWKHUWKDQD 790 SU REOH P $FDVKI ORZGLDJ UDPIRU DQLQYHVWPHQW[...]

  • Pagina 52

    ook Page 52 Wednesday, June 21, 2000 5:19 PM[...]

  • Pagina 53

    5: Time V alue of Money Calculations 53 5 Time V alue of Money Calculati ons Using the TVM Application 7K HWLPHYDOXHRIPRQ H790DSSOLFDWLRQ LVXVHGIRU  FRPSR XQGLQWHUH VWFDOFXODWLRQVWKDWLQYROYHUHJXODU  XQLIRU P FDVK IORZV² FDOOHG SDPHQWV  2Q FH WKH Y DOXHV DU H?[...]

  • Pagina 54

    54 5: Time Value of Money Calculations 7 R YHULIYDOXHV S UHVV    DQG  3UHVVLQ J UHFDOOVWKHWRWDOQXPE HURIS DPHQWVLQHDUV DQG VKRZVRXWKHQXPEHUR ISDPHQ WVSHUHDU5 HF DOOLQJWKHVH QXPEHUVGRHV QRWFKDQJ HWKHFRQ WHQWRI?[...]

  • Pagina 55

    5: Time V alue of Money Calculations 55 Begin and End Modes %HIRU HRXVWDU WD790FDOFXODWLRQLGHQWLIZK HWKHUWK H ILUVWSHU LRGLFSDPHQ WRFFXUVDWWKHEHJLQ QLQJR UHQGRI  WKHILUVWS HULRG,I WKHILUVWSDPHQWR FFXUVDWWKHHQ GRI WKHILUVWS HULRGVHW[...]

  • Pagina 56

    56 5: Time Value of Money Calculations Pa r t 2 . $W D SU LFH RI  ZK DW LQ WHUHVW UDWH LVQHFHVVDU WR ORZHU RXU SDPHQWEWR" Pa r t 3 . ,ILQWHU HVWLVZKDWLVWK HPD[LPXPRXFDQVS HQG?[...]

  • Pagina 57

    5: Time V alue of Money Calculations 57 Example: A Home Mor tgage. < RXGHFLGHWKDWWKHPD[LPXPPRQ WKO PRU WJ DJHSDPHQ WRXFDQDIIR UGLV< RXFDQPDNHD GRZQ SDPHQW DQ G DQQXDO LQ WHUHVW UDWHV DUH FXUU HQWO ?[...]

  • Pagina 58

    58 5: Time Value of Money Calculations Example: A Mortgage With a Balloon Pa yment. < RX·YHREWDLQHGD HDUPRUWJ DJ HDWDQQXDOLQWHUHVW< RXDQWLFLS DWHWKDW RXZLOORZQWKHKRXVHIR UIR XUHDUVDQGWKHQ VHOOLWUH SDLQJWKH?[...]

  • Pagina 59

    5: Time V alue of Money Calculations 59 Step 2 . 6LQFHWKHSDPHQ WLVDWWKHHQGRI WKHPRQWK WKHSDVWS D PHQW DQGW KH EDOORR Q SDPHQW RFFXUDW WKHVDPH WLPH 7 KHILQDO S DPHQW LV WKH VXPRI 30 7 DQG )9  7K HYDOXHLQ 307 VKRXOGDOZDVEHUR[...]

  • Pagina 60

    60 5: Time Value of Money Calculations Savings Calculat ions Example: A Savings Accoun t. ,I  RXGHS RVLWLQDVDYLQJV DFFRXQWWKDWSDVDQ QXDOLQWHUHVWFRP SRXQGHGDQQXDOO DQGPDNH QRRWKHUGH SRVLWV WRWKHDFFRXQWKRZORQJZLOOLW WDNH IRUWK[...]

  • Pagina 61

    5: Time V alue of Money Calculations 61 6LQFHWKHFDOFXODWHG YDOXH RI 1 LV EHWZHHQ DQG LWZLOO WDNHVL[ HDUVRI DQQXDOFRPSRXQ GLQJWRDFKLHY HD EDODQFHRIDW OHDVW  &DOFXODWHWKH DFWXDOEDODQFHDWWKHHQ GRIVL[HDU V  [...]

  • Pagina 62

    62 5: Time Value of Money Calculations Exa mpl e: An Ann ui ty A ccou nt. < RXRSW IRU DQ HDUO UHWLUHPHQ W D IWHU D VXFFHVVIXOE XVLQHVV FDUHHU< RXKDYHDFFXPXODWHGDVDYL QJVRI  WKDWHDUQVDQDY HUDJHRIDQQXDO LQ WHUHVWFRPSR XQGHGPRQWK[...]

  • Pagina 63

    5: Time V alue of Money Calculations 63 Lease Calculat ions $OHDVHLVDORDQR IYDOXDEOHSURS HU WOLNHUHDOHVWDWHDXWRPRELOHVRU HTXLSPHQWIR UDVSHFLI LFDPRXQWRI WLPHLQH[ FKDQJHI RUU HJXODU SDPHQWV6RPHOHDVHVDUHZULWWHQDVS XUFKDVHDJ UHHPH QWV[...]

  • Pagina 64

    64 5: Time Value of Money Calculations 6HWWR%HJLQPRGH3UHVV LIDQ QXQFLDWRULVQR WGLVSODHG 1RWLFHWKDWHYHQLIWKHFXVWRP HUFKRR VHVQRWWRE XWKHFDUWKHOHVVRU VWLOOLQFOXGHVDFDVKI ORZFRPLQJLQDWWKHHQGRI WKHOHDVHHTXDOWRWK H UHVLGXDO?[...]

  • Pagina 65

    5: Time V alue of Money Calculations 65 Example: L ease Wit h Advance Pa y ments. < RX U FRPS DQ  4XLF N.L W  3 ROH %D U QV  S ODQVW R OHDVH D IRU NOLIW I RUW KH ZDUHK RXVH 7KH OHDVH LV ZULWWHQ IRUD WHU P RI HDUV ZLWK PRQWK O SDPHQWVRI ?[...]

  • Pagina 66

    66 5: Time Value of Money Calculations Step 2. $GGW KHDGGLWLRQDODGYDQFHSDPHQ WWR39 6WRU HWKHDQVZHU  Step 3. )LQGWKHSUHVH QWYDOXHRIWKHEXRSWLRQ  Step 4. $GGW KHUHVXOWVR IVWH SVDQG Keys: Display: Descrip tion: 12.0 0 6HWVSDPHQWVSHU HDU  47.0 0 6WR UH[...]

  • Pagina 67

    5: Time V alue of Money Calculations 67 Amor tization $PRU WL]DWLRQ  LV WKH S URFH VVRI GLYLGLQJ D SDPHQWLQWR WKH DPRXQWWKD WDSSOLHVWR LQWHUHVWDQGWKHDP RXQWWKDW DSSOLHVWR SULQFLS DO 3 DPHQWV QHDU WKH EHJLQQLQ J RID ORDQ FRQWU LEX W H PRUH L QWH UHV W?[...]

  • Pagina 68

    68 5: Time Value of Money Calculations 7KH  QXPEHUV GLVSODHG IRULQWHUHVW S ULQFLS DO DQG E DODQFHDUH UR XQGHG WR WKHFXU UHQ WGLVSODVHWWLQJ  T o Amortiz e. 7 RDP RU WL]HDVLQJOHS DPHQWHQWHUWKHSHU LRGQXPEHU  DQGSUHVV  7KH +3%,, GLVSODV[...]

  • Pagina 69

    5: Time V alue of Money Calculations 69 ,I RX DOUHDG NQRZ WKH PR U WJDJ H SDPHQW RX FDQ HQWHU D QG VWRUH LW MXVW OLNHRXVWRUHWKHRWKHUIR XUYDOXHV 1 H[WDPRU WL]HWKHILU VWHDU  7KHDP RXQWS DLGWRZDUGLQWHUHVWDQGSULQFLSD O[...]

  • Pagina 70

    70 5: Time Value of Money Calculations $PRU WL]HWKHVH FRQGHDU  7KH DPRXQWS DLGWRZDUGLQWHUHVWDQGSULQFLSD O  HTXDOVWKHWRWDORIPR QWKOSDPHQ WVï ?[...]

  • Pagina 71

    5: Time V alue of Money Calculations 71 $PRU WL]HWKH  DQG S D PH Q WV  1.00 (QWHUVILUV WSDPHQW 1– 1 'LVSODV3(5DQGWKH  DPRU WL]HGSDPHQWS HULRG –310.42 'LVSODV 35, 1 DQG WK H ILUVW SULQFLSDOS DPHQW 0.00 'LVSODV,17DQGWKHLQ[...]

  • Pagina 72

    72 5: Time Value of Money Calculations Inte re st Ra te C on versio ns 7K H,QWHUH VW&RQYHUVLRQDSSOLFDWLR QXVHVWKU HHNHV   DQG  7KH FRQYHUW E HWZHHQ QR PLQDO DQGDQQXDOHII HFWLY HLQWHUHVWUDWHV 1RPLQ DODQGHII HFWLY H LQWHUHVWUDWHV DUHGHVFULE HGRQSD[...]

  • Pagina 73

    5: Time V alue of Money Calculations 73 First Bank Second Bank Third Bank )LUVW%DQNR IIHUV DVOLJKWOEHWWHUGHDOVLQ FHLVJ UHDWHUWK DQDQG  Compounding and P a yment P eriods Differ 7K H790DSS OLFDWLRQDVVXPH VWKDWWKHFR PSR XQGLQJ SHULRGV DQGWKH?[...]

  • Pagina 74

    74 5: Time Value of Money Calculations 7 R DGMXVW DQLQWHUHVWUDWHZKHQWKH FRPSR XQGLQJSHULR G GLIIHUVIURP WKH SDPHQWSHULR GFRPS OHWHWKHIROORZLQJVWH SV  (QWHUWKHQ RPLQ DOUDWHDQGSUHVV  (QWHUWKHQXPEH URI FRPSRXQGLQJ SHULRGV  LQD HDU DQGSUH[...]

  • Pagina 75

    6: Cash Fl ow Calculations 75 6 Cash Flow Calculations How to Use the Cash Flo w Application 7KH FDVK IOR Z DSSOL FD WLR Q LV XV HG  WR VRO Y H SUREOH PV ZKHUH FDVKI ORZVRFF XURY HUUHJXODULQ WHU YDOVEXWDUHRI Y DULQ J DPRXQWV< RXFDQ DOVRXVHFD VKI ORZFDOFXODWLRQV?[...]

  • Pagina 76

    76 6: Cash Flow Calculations XXX Keys: Display: Descri ption: 0.00 &OHDUVDOOUHJLVWHU V  12.0 0 6WRUHVSHU LRGVSHU HDU –5,0 00. 00 (QWHUVLQLWLDO FDVK IORZ  'LVSODVFDVK I ORZ JU RXSQXPE HUZK LOH RXKROGGRZQ  –2,0 00. 00 (QWHUVQH[WFDV KI ORZ  –4,0 00. 00 (QWH[...]

  • Pagina 77

    6: Cash Fl ow Calculations 77 NPV and IRR/YR: Discontinuing Cash Flows &KDSWHUGHPRQVWUDWHVWKHXVHRIFDVKIORZGLDJ UDPVWRFODULIILQDQ FLDO SUREOH PV 7KLV VHFWLRQ GHVFULEHVGLVFR XQWHGFDVKI ORZV 7KH 139 DQG ,55<5 IXQFWLRQ VDUHIUHTXHQWOUHIHU UHGWRDV [...]

  • Pagina 78

    78 6: Cash Flow Calculations :KHQH YHU RXHQWHUDV HULHV RIFDV KI ORZVLWLVLPSRU WDQWWRDFFRXQ WIRU HYHUSH ULRGRQ WKHFD VKI ORZGLDJ UDPHYHQSHULR GVZLWKFD VKI ORZVRI ]HUR  Entering Cash Flo ws 7KH +3%,,F DQVWRUHDQ LQLWLDOFDVKI ORZ[...]

  • Pagina 79

    6: Cash Fl ow Calculations 79 Examp le. (Q WHUWKHFDV KI ORZVIURP WKHSUHFHGLQJGLDJ U DPDQG FDOFXODWHWKH ,55 <5 7KHQFDOFXODWHWK HHIIHFWLYHLQWHUHVWUDWH$VVXPH WKHUHDUHSHU LRGVSHU HDU  Viewing and Replacing Cash Flows 7 R YLHZDFDVKI ORZ SUH[...]

  • Pagina 80

    80 6: Cash Flow Calculations 7 R UH SOD FHDFDVKI ORZDPRXQ WSUHVV  WR WRVWR UHWKHQ HZDPRXQWLQFDV KI ORZVWR WR WRV WRUHWKHQ HZDPRXQWLQFD VKI ORZVWR WRVWRUHWKHDP RXQWLQWK HQH[WFDVKI ORZ WRVWRUHWKHDP RXQWLQW[...]

  • Pagina 81

    6: Cash Fl ow Calculations 81 +RZPXFKVKRXOGRXSDIRUWKHFRQ WUDFWLIRXZLVKWR LHOGDHDUO UDWHRIRQ RXULQY HVWPHQW" Ke ys: Display: Description: 0.00 &OHDUVUHJLVWHUV 12.00 6HWVSDPHQWVSHUH DU  0.00 (QWHUVLQLWLDOFDVK I ORZ RI]HUR7KH?[...]

  • Pagina 82

    82 6: Cash Flow Calculations 7KH FDVKI ORZVWKDWGHVFULE HRXUSUR VS HFWLY HLQY HVWPHQWDUHQRZLQ WKH FDOFXODWRU< RXFDQS UHVV IROORZHGE DQG  UHSH DWHGOWRYLHZWKHFDVK I ORZVDQ GQXPEHU RIWLPHV HDFKRFF XUV 1RZWKDWRXKDYHHQWHUHGWKH[...]

  • Pagina 83

    6: Cash Fl ow Calculations 83 Calcula ting Intern al Rate of Ret urn  3UHVV VWRUHQXPEHUR ISHU LRGVSHUHDU LQ 3<5   (QWHUWK HFDV KI ORZVXVLQJ DQG   3UHV V  :KHQRXFDOFXODWH ,55<5 RXJHWWKHDQ QXDOQRPLQ DOUDWHWKDWJLYHV DQ[...]

  • Pagina 84

    84 6: Cash Flow Calculations A utomatic Storage of IRR/YR and NPV :KHQRXFDOFXODWH 139 WKHUHV XOWLVVWRUHGLQ 39 IRU RXU FRQYHQLHQFH7 RUH FDOOWKDWUHVXOWSU HVV ,I  RXKD Y HQ ·W F KDQJH G WKH790YDOXHVIURPWKHODV WH[DPSOHXVLQ J 139 SDJH ?[...]

  • Pagina 85

    7: Statistical Calculation s 8 5 7 Statistical Calculations 7KH  DQG NHVDUH XVHGWRHQWHUDQ GGHOHWHGDWD IRUR QHDQ GWZ RYDULDEOHVWDWLVWLFV 6XPPDWLRQ GDWDLV VWRUHGLQP HPRU 7 KHODEHOV DERY HWKH WR NHV LQGLFDWH ZKDW VXPP DWLRQ GDWD LV?[...]

  • Pagina 86

    86 7: Statistical Calculations Entering Statisti cal Data 7KH UHLVQR OLPLWWRWKHQXPEHURI YDOXHVRXFDQDFFXPXODWHLQWKH VWDWLVWLFDOUHJLVWHUV  One-V a riable Statistic s 7 R HQWHU [ GDWDIR URQ HYDULDEOHVWDWLVWLFVFRPS OHWHWKHIR OORZLQJVWHSV  &OHDUWKHVWD[...]

  • Pagina 87

    7: Statistical Calculation s 8 7 Correcting St atistic al Data ,QFRU UHFWHQWULHVFDQEHGHOHWHG XVLQJ ,IHLWKHUY DOXHRIDQ [  S D L U  LVLQFRU U HFWRXPXVWGHOHWHDQGUHHQWHUERWK YDOXHV  Correcting One-V a riable Data 7 R GHOHWHDQGUHHQ WHUVWDWLVWLFDOGDWD ?[...]

  • Pagina 88

    88 7: Statistical Calculations Mean, Standar d Dev iations, and Summation Statist ics < RX FDQ FDOFXODWH WKH P HDQ   VDPSOH VWDQGDUG GHYLDWLRQ  6 DQGSRSXODWLRQ VWDQGDUGGHYLDWLRQ  σ D Q G VXPPDWLRQ  VWDWLVWLFV  Q  Σ [  DQG Σ [ R I  [ GDW[...]

  • Pagina 89

    7: Statistical Calculation s 8 9 Example 1. $DFKWFDSWDLQZDQWVWRGHWHU PLQHKRZORQ JLWWDNHVWR FKD QJH D VDL O  6KH UDQ GRP O F KRRV HV VL[ P HPEH UV RI KHU FUH Z REVH U Y HV  WKHPDVWKHFDU U RXWWKHVDLOFKDQJ HDQGUHFRUGVWKH QXPEHUVR I [...]

  • Pagina 90

    90 7: Statistical Calculations Linear Regression and Estimation /LQHDUUHJ UHVVLR QLV DVWDWLVWLFDO PHWKRG IRUHVWLPDWLRQDQG IRUHF DVWLQJ ,WLVXVHGWRILQGDVWUDLJK WOLQHWKDWEHV WILWVD VHW RI [  GDWD7 KHU HPXVWEHDWOHDVWWZRGLIIHUHQW [   SDL[...]

  • Pagina 91

    7: Statistical Calculation s 9 1 Linear Estimation. 7KHVWUDLJK WOLQHFDOFXODWHGEOLQHDUU HJU HVVLRQ FDQ EHXVHGWRHVWLPDWHD YDOXHIRUDJLYHQ [  Y DO XH RU YLFH Y HUVD   (QWHUWKH [  GDWDXVLQ JWKHLQVWU XFWLR QVRQS DJH   (QWHUWK H?[...]

  • Pagina 92

    92 7: Statistical Calculations (VWLPDWHZKDW WK H OHYHO RIVDOHVZ R XOG EH LI WKH EXVLQHVVSXUFKDVHG RU  PLQXWHVRIDGYHUWLVLQ J  +RZPDQPLQXWHVRI DGYHUWLVLQJV KRXOG$OL· VEXWRDWWDLQVDOHVR I " Keys: Display: Descriptio n: 0.00 &OHD[...]

  • Pagina 93

    7: Statistical Calculation s 9 3 W eighted Mean 7KHI ROORZLQJSUR FHGXUHFDOFXODWHVWKHZHLJKWHGPHDQRI GDWDSRLQWV [  [ « [ RFFXU U LQJZLWKZHLJKWV  «   8VH DQG W RHQWHU [  SDL UV 7KH YDOXHVDUHWKHZHLJKWVR I[...]

  • Pagina 94

    10B.book Page 94 Wednesday, June 21, 2000 5:19 PM[...]

  • Pagina 95

    8: Additional Examples 95 8 Addi tional Examples Business Applications Setti ng a Sale s Price 2QHPHWKRG IR U VHWWLQJ WK H SHU XQLW VDOHV  S ULFH LV WR GHWHU PLQH WK H FRVW RI SURGXFWLRQ SHUXQLWDQ GWKHQPXOWLSOEWKHGHVLUHGUDWHRI UHWXU Q)RU WKLVPHWKRG WR?[...]

  • Pagina 96

    96 8: Additional Exam ples Forecasting Based on Histor y 2QHPHWKR GRII RUHFDVWLQJVD OHV PDQXIDFWXULQJUD WHV RUH[SHQ VHVLV UHYLHZLQJKLVWRU LFDOWUHQGV 2QFHRXKDY HKLVWRULFDOGDWDWKHGDWDDUHILW WRDFXU YHWKDWKDVWLPH RQWKH [  D[LVDQGTXDQWLWRQ[...]

  • Pagina 97

    8: Additional Examples 97 Cost of Not T aking a Cash Discount $FDVKGLVFRXQWJLY HV DEXHUD UHGXFWLRQLQSULFHLIWKHSDPHQWLV PDGH ZLWKLQ D VS HFLILHG WLPH SHULRG ) R U H[DPSOH ´ 1(7µ PHDQV WKDW WKHEXHUFDQ GHGXFWSHUFHQWLI?[...]

  • Pagina 98

    98 8: Additional Exam ples Loans and Mor tgages Simple Ann ual Intere st Example . < RX U J RRG IULH QG QH HGV D ORDQ WR VW DUW KLV ODW HVW  HQWHUSU LVH  DQG KDVDVNHGRXWROHQGKLPIR UGDV < RXOHQ GKLPWKHP RQHDW VLPSOHDQ QXDO[...]

  • Pagina 99

    8: Additional Examples 99 Examp le. < RXFXU UHQ WOKDY HLQDQDFFR XQWDW'UHDP: RUOG ,QYHVWPHQWVWKDWHDU QVDQ QXDOLQWHUHVWFRPS RXQGHGFRQ WLQXRXVO  $WWKHHQG RIHDFKPRQWKRXG HSR VLW LQWKHDFFRXQW[...]

  • Pagina 100

    100 8: Additional Examples Example . $QLQYHVWRUZLVKHVWRS XUFKDVHDPRU WJ DJ HWDNHQ RXWDWIRUHDU V 6LQFHWKHPRU WJ DJH ZDVLVVXHGPRQWK O SDPHQWVKDYHEHHQPDGH7KHOR DQLVWRE HSDLGLQIXOODE DOORRQ ?[...]

  • Pagina 101

    8: Additional Examples 101 Step 3 . (QWHUDFWXDOFXU UH QWY DOXHVIRU 1 DQG 39 WKHQILQ GWKHQHZ ,<5 IRU WKH G LVF RX QWH G PRUWJDJH ZL WK EDO OR RQ Ann ual P er centage Rate f or a Loan With Fees 7KHDQQXDO SHUFHQ WDJH UDWH $35  LQF RUS RUDWHV IHHV XVXDOO[...]

  • Pagina 102

    102 8: Additional Examples Example: Interest -Only Loa n With Fee. $ HDU DQQXDOLQWHUHV W LQWHU HVWRQO ORDQK DVDQRULJLQ DWLRQI HHRIWKUHHS RLQWV :KDWLVWKHLH OGWRWKHOHQGHU" $VVXPHWKDWPRQ WKOSDPHQ WVR[...]

  • Pagina 103

    8: Additional Examples 103 Loan With a P artial (Odd) Fir st P e riod 790FDOFXODWLRQVDS SOWRI LQDQFLDOWUDQV DFWLRQV ZKHUHHDFKS DPHQW SHULRGLVWKHV DPHOHQJWK +RZHY HU VLWXDWLRQVH[LVWZK HUHWKHILUV W SDPHQWSHULRG LVQRW WKH VD PH OHQJWK DV WK H UHPDLQLQJSH[...]

  • Pagina 104

    104 8: Additional Examples A utom obi le Lo a n Example . < RXDUHEXLQJDQ HZVHGDQ< RXUGRZQS DPHQW LVDQGRXDUHJ RLQJWR ILQDQFHWKH UHPDLQLQ J7K HFDU GHDOHULVRII HULQJWZRFKRLFHVIRU ILQ[...]

  • Pagina 105

    8: Additional Examples 105 &DOFXODWHWKHVHFR QGRSWLRQ  7KHI LUVWRS WLRQFRVWVVOLJK WOOHVV  Canadian Mor tgages ,Q&DQ DGLDQPRU WJ DJHVWKHFRPS RXQGLQJDQ GSDPHQWSHULR GVDUHQR W WKHVDPH,QWHUHVWLVFR PSR XQGHGVHPLDQ QXDOOZKLOHSDPHQWVDU H PDGHPRQWK[...]

  • Pagina 106

    106 8: Additional Examples What if … TVM Calculations 2QHRI WKHPRV WY DOXDEOHDVS HFWVRIWKH+3 %,,· V790DSSOLFDWLR QLV WKHHDVHZLWKZKLFKLWKDQ GOHVWKHTXHVWLR Q´ZKDWLI«µLQI LQDQFLD O FDO FX OD WL RQV ) RUH[ DP SOH RQHR IW KHPRVW SRSX ODU?[...]

  • Pagina 107

    8: Additional Examples 107 Pa r t 2 . < RXU FRPSDQ · VUHJXODUSDUROOLVJ HQHUDWHGHYHU R WKHU)ULGD  7KHEDQN DJUH HV W R DXWRPDWLFDOO GUDZ SDPHQWVRI  RXW RI HD FK SDFKHFNDSSUR[LPDWHOKDOIR IZKDWDPR QWKOSDPHQ WZ RXOGEH?[...]

  • Pagina 108

    108 8: Additional Examples Sa vings Sav ing f or College Costs 6XSSRVHRXVWDU WVDYLQJQ RZWRDFFRPPRGDWHDI XWXUHVHULHVR IFDVK  RXWI ORZV $QH[DPSOHRIWK LVLVVDYLQJPRQ HIRUFR OOHJH7 RGHWHU PLQ H KRZPXFKRXQHHGWRVDY HHDFKSHULRGRXPXVWNQRZZKH[...]

  • Pagina 109

    8: Additional Examples 109 :KHQFRP SRXQ GLQJRFFXUVRQORQFHSHUHDUWKHHIIHFWLY HUDWHDQGWKH QRPLQD OUDWHDUHWKHV DPH 6HWWR%HJLQPR GH3UHVV LI BEGIN DQQXQFLDWRULVQ RWGLVSODHG 7KHQ XVHWKDW 39 DVWKH )9 RQ WKHIROORZLQJFDVK I ORZ?[...]

  • Pagina 110

    110 8: Additional Examples 6HWWR(QGPRGH3UHVV LI BEGI N DQQXQFLD WRULVGLVS ODHG Gains That Go Untaxed Until Withdra wal < RXFDQXVHWKH790 DSSOLFDWLRQWR FDOFXODWHWKHIXWXUHYDOXHRIDWD[ IUHHRUWD[ GHIHU UHGDFFR XQW&XU UHQ WWD[ODZVDQGRXU?[...]

  • Pagina 111

    8: Additional Examples 111 6HWWR%HJLQPR GH3UHVV LI BEGI N DQQXQFLDWRULVQ RWGLVSODHG Ke ys: Display: Description: 1.00 6HWVSDPHQWSHU HDU  35.00 8.18 6W RUHV Q X PEHU RI SHULRGVDQ GLQWHUHVW UDWH 0.00 6WRUHVDPR XQWRX VWDU WZLWK –2,00 0. 00 6WRUHVDPR X[...]

  • Pagina 112

    112 8: Additional Examples V alue of a T axable Retirement Account 7KLV SUREOHP XVHVWKH790 DSSOLFDWLRQ WRFDOFXODWH WKHIXWXUHY DOXH RID WD[DEOHUHWLUHPH QWDFFRXQ WWKDWUHFHLY HVUHJXODUDQQXDOSDPHQWV EHJLQQLQ JWRGD%HJLQPR GH7 KHDQQXDOWD[RQWKHLQ WHUHVW[...]

  • Pagina 113

    8: Additional Examples 113 Cash Flow Exampl es Wrap-Around Mortgages $ Z UDS DURXQG PRU WJ DJHLV D FRPELQ DWLRQRI UHI LQDQ FLQJ D PR U WJDJ H DQG ERU U RZLQJDJDLQV WUHDOHVWDWHHTXLW 8VXDOOWKHWZ RXQNQRZQTXDQ WLWLHV LQWKHZUDSS HGPRU WJ DJ HDUHWKHQ HZSDPHQWD[...]

  • Pagina 114

    114 8: Additional Examples 7KH QWRFDOFXODWHWKHOHQ GHU· VUHWXU QHQWHU FDVKI ORZVWKDW UH SUHV HQWWKH FRPSOHWH SLFWXUHRIWKH ZUDS DURXQGPRU WJDJHI URPWK HOHQGHU· VSRLQ WRI YLHZ :KHQRXJ U RXSWKHDERYHFDVKI ORZV RX·OOILQGWKDW &) ?[...]

  • Pagina 115

    8: Additional Examples 115 Net Future V alue 7KHQH WIXWXUHY DOXHFDQEHFDOFXODWHGEXVLQJWKH790N HVWR VOL GH WKH QHWSUHVHQ WYDOXH 139 IR UZDUGRQWKH FDVKI ORZGLDJ UDP Example: V alue of a Fund. < RXKDY HPDGH WKH I ROORZLQJ GHSR VLWV RY HU WKHSDV[...]

  • Pagina 116

    116 8: Additional Examples CF6 –2,0 00. 00 (QW HUV FDVK I OR Z JURXS  8.80 6WRUHVDQQXDOLQWHU HVW UDWH –29,203. 14 &DOFXODWHVQH WSUHVHQW YDO X H   139  DXWRPDWLFDOOVWRU HGDV 39  24.0 0 6WRUHVNQRZQYDOXHV  0.00 34,8 00. 58 &DOFXODWHVQH WIXWXUH YDO X H 1[...]

  • Pagina 117

    A: Assistance, Batteries, and Service 11 7 A Assistance , Batteries, and Ser vice +HZOHWW3DFNDUGLVFRPPLWWHGWRSURYLGLQJRXZLWKRQJ R LQJVXSSR U W < RXFDQREWDLQ DQVZHUVWRTXHV WLRQVDER XWXVLQJRXUFDOFXODWRUI URP RXU &D OF XO DW RU 6XS SRUWG HSDUWP HQW  3OHDVHUHDG[...]

  • Pagina 118

    118 A: Assist ance, Batteries, and Service Q: :KDWGRHVDQ´(µLQD QXPEHUIR UH[DP SOH(²PHDQ" A: ([SRQHQ WRI WHQI RUH[DPS OHï 5HIHUWR´6FLHQWLILF 1RWDWLRQµR QSDJ H  Q: :KGR,JHWDZURQJ DQVZHU?[...]

  • Pagina 119

    A: Assistance, Batteries, and Service 11 9 P ower and Bat teries 7KHFD OFXODWRULVS RZHUHGEWZ R YROWOLWKLXPEXWWRQFHOO EDW WH ULH V  :KHQFKDQ JLQJEDWWHULH V XVHRQOIU HVK EXWWRQ FHOOEDWWHULHV %RWKEDWWHULHV PXVWEHFKDQJ HGDWWKHVDPHWLPH 'RQRWXV[...]

  • Pagina 120

    120 A: Assist ance, Batteries, and Service  5H PRY HERW KE DW WH UL HV   , QV HU WWKH QHZE DWWHULHVPDNLQJVXUHWKDWWKHSR V LWLY HV LJQ RQHDFKEDWWHU LVIDFLQJRXWZDUG  5HSODF HWKHE DWWHU FRPSDU WP HQWOLG  3 UH VV  ,IWKHFDOFXODWRU [...]

  • Pagina 121

    A: Assistance, Batteries, and Service 12 1 Determ ining if the Ca lculator Require s Ser vic e 8VHWKHVHJXLGHOLQ HVWRGHWHU P LQHLIWKH FDOFXODWRUUHTXLU HVVHU YLFH ,I WKHVHSUR FHGXUHVFR QILU PWKDWWKHFDOFXODWRULVQR WIXQFWLRQ LQJSU RSHUO  UHDGWKHVHFWLRQ ´,IWKH&DOFX[...]

  • Pagina 122

    122 A: Assist ance, Batteries, and Service The calculator r esponds to keystro kes but you suspect th at it is malfunctioning:  ,WLVOLNHOWKDWRX·Y HPDGHDPLVWDNHLQRSHU DWLQJWKH FDOFXODWRU7 U UHUHDGLQJSR U WLRQVRI WKHPDQXDODQG FKHFN´ $QVZHUVWR&R PPR Q4XHVWLRQ Vµ[...]

  • Pagina 123

    A: Assistance, Batteries, and Service 12 3 6RPHVWDWHV SURYLQFHV  RU FRXQWULHVGR QR W DOORZ OLP LWDWLRQ VRQ KRZ OR QJ DQLPSOLHGZDU UDQ WODVWVVRWKHDERYHOLPLWDWLRQPDQRWDSS OWRRX ,QQRHYHQWVKDOO+HZOHWW 3DFNDUG&RPSDQEHOLDEOHIRU FR[...]

  • Pagina 124

    124 A: Assist ance, Batteries, and Service ,IORFDOVH U YLFHLVXQ DY DLODEOHRXFDQVKLSWKHFD OFXODWRUWRDQ  DXWKRUL]HG+3 VHU YLFHFHQWHUIRU UH SDLU $OOVKLSS LQJUHLPS R U WDWLRQ DU UDQJ HP HQWVDQGFXVWRPVFR VWVDUH RXUUHVSR QVLE LOLW  Service Cha r ge 7KH UHLV[...]

  • Pagina 125

    A: Assistance, Batteries, and Service 12 5 Service A greement s ,QWKH8 6 DVXS SRU WDJ UHHPHQ WLVDY DLODEOHIRU UH SDLUDQG VHU YLFH 5 HIHUWRWKHI RU P LQWKHIURQ WRIWKH PDQXDO) RU DGGLWLRQDOLQIR U PDWLR QFRQ WDFWD+36HU YLFH&HQWHUVHHWKH?[...]

  • Pagina 126

    126 A: Assist ance, Batteries, and Service Japan Disposal of W aste Equipment by User s in Private Household in the Euro pean Uni on This symbol on the product or on its pac kaging indicates that this pr oduct m ust not be disp osed of wit h you r other household w aste . Instead, it is yo ur responsibility to dispose of y our w aste equipm ent by [...]

  • Pagina 127

    A: Assistance, Batteries, and Service 12 7 during the w arr anty period, HP will replace software media whic h does not execute its program ming instr uctions due to such defects . 3. HP does not warrant that the operation of HP products will be uninterr upted or error free. If HP is unable, within a reasonable tim e, to re pai r or re plac e any p[...]

  • Pagina 128

    10B.book Page 128 Wednesday, J une 21, 2000 5:19 PM[...]

  • Pagina 129

    B: More Ab out Calcula tions 129 B More About Calculations IRR/YR Calcula tions 7KHFD OFXODWRUGHWHU P LQHV , 55<5 IRU DVHWRIFDVK I ORZVXVLQJ PDWKHPDWLFDOIR U PXODVWKDWVH DUFKIRU WKHDQVZHU 7K HSURFHVV  ILQGVDVROXWLR QEHVWLPDWLQJDQ DQVZHUDQGWKHQXV LQJW[...]

  • Pagina 130

    130 B: More About Calculations Case 5. 7KHF DOFXODWRUGLVS ODV No Solution 7 KHUHLVQ RDQVZHU  7K LVVLWXDWLRQP LJKWEHWKHUHVXOWR IDQHU URU VXFKDVDPLVWDNHLQ NHLQJLQWKHFDVK I ORZV $FR PPR QPLVWDNHWKDWUHVXOWVLQWKLV  PHVVDJ HLVS [...]

  • Pagina 131

    B: More Ab out Calcula tions 131 Effect of Using Σ – to Correct Data 7KH+3 %,, VWRUHV WKH V WDWLVWLFDO QXPEHU V LQ DQ ´DFFXPXODWHGµ IDV KLRQ ,WGRHVQ·WVWRUHHYHUQXPEHU WKDWRXHQWHUEXWUDWKHULWSHUI RU P V LQWHU P HGLDWHFDOFXODWLRQVZKH QRXSUHVV WKH[...]

  • Pagina 132

    132 B: More About Calculations Equations Margin and Markup Calculations  Time V alue of Mone y (TVM) 3D PHQW0RGH)DFWRU 6 IRU(QGP RGHIRU %HJLQPRGH Amor tization %$ / LVLQLWLDOO 39 URXQGHGWRWKHFXU U HQWGLVSODVHWWLQJ  307 LVLQLWLDOO 307 URXQGHGWRW[...]

  • Pagina 133

    B: More Ab out Calcula tions 133 ) RUHDFKSDPHQWDP RU WL]HG Interest Rate Con versions ,17 %$ / ï L  ,17  LVURXQGHGWRWKHFXU UHQWGLVSODVHWWLQJ ,17· IRUSHULR GLQ%HJLQPRGH ,17 ,17  ZLWKVLJQRI  307  351 307   ,17 %$ / %$ /[...]

  • Pagina 134

    134 B: More About Calculations Cash-Flo w Calcula tions :KHQ 139  W KHVROXWLRQ IRU  L LVWKHS HULRGLFLQ WHUQD OUDWHRI UHWXU Q L SHU LRGLFLQWHUHV WUDWH M WKHJ URXS QXPEHURIWK HFDVKI ORZ  &) DPRXQWR IWKHFDVK IORZIR UJ UR XS M  Q QXPEHU[...]

  • Pagina 135

    B: More Ab out Calcula tions 135 Stati stics     [ [ ∑ Q ------- = y y ∑ Q ------ - = [ [ ∑ ∑ --------- - = Sx [ ∑ [ ∑ () 2 Q --------- ----- – Q  – ----------- -------- ----------- - = Sy y ∑ y ∑ () 2 Q ---------- --- - – Q  – ----------- -------- ---------- - = σ x [ ∑ [ ∑ () 2 Q -----[...]

  • Pagina 136

    .fm Page 136 Thursday, June 22, 2000 12:33 PM[...]

  • Pagina 137

    C: Messages 137 C Messages 3UHVV RU WRFOHDUDPH VVDJHI URPWK HGLVSOD  All Clea r 0HPRU KDVEHHQHUDV HGSDJ H  COPR HP 2000 &RSULJK WPHV VDJ H Interrupted $Q ,55<5  ,<5 R UDP RU WL]DWLRQ FDOFXODWLR Q ZDVLQWHU U X SWHGE SUHVVLQ J [...]

  • Pagina 138

    138 C: Messag es running 5XQQLQJ$FDOFXODWLRQLVLQSU RFHVV UFLO 8QGHUI ORZ$QLQWHU PHGLDWHUHVXOWLQ790LV WRR VPDOOIR UWK H+3 %,,WRSUR FHVV7KLVPHVV DJ HLVDOVR EU LHI OGLVS ODHGLIDQFDOFXODWLRQ  XQGHUI ORZV ,QWKLVFDVHLW[...]

  • Pagina 139

    Inde x 13 9 Inde x .HVQRWOLVWHGKHUHFDQEHIRXQG LQWKH DOSKDEHWLFVHFWLR QVRIWKLVLQGH[ Special Keys            ,   ,            ,     [...]

  • Pagina 140

    140 Ind ex  BEGIN  ,  %HJLQP RGH  %RUUR ZLQJHTXLW  %XRXWYDOXH  C   &DQDGL DQPRU WJDJ HV  &DSLWDOL]HGYDOXH  &DVKI OR Z  ,  GLDJUD PV  GLVF RX QW  HQW HU LQ J  HTX DWLRQV  H[DP SOH V  LQLWLDO  SURE[...]

  • Pagina 141

    Inde x 14 1 )UH TXH QW O $VN HG 4 XHVW LRQV  FULL  FUNC  )XQF WLRQV  )XWXUHYDOXH  ,   G *XDUDQWHH  *XHVVLQJ,5 5<5  I ,QLWLDOFDVKIORZ   INT  ,QWHUH VW FRPSRX QG  VLP SOH  ,QWHU HVW FRQYHUV LRQ DW D JODQFH  ,QWHUHVW?[...]

  • Pagina 142

    142 Ind ex 139  DWDJODQ FH  D XWR PD WLF V WRU DJ HR I  FDOFXODWLQJ  1XPEH UV GLVS OD IRUP DW  IXOO SUHFLV LRQ  QHJD WLYH  UDQJH RI  URXQGL Q J  VWR ULQ J  O 2GGILUVWSDPHQW    2QHYDU LD EOH VWDWLVWLFV  2SHUDWL QJ FRQGL WL [...]

  • Pagina 143

    Inde x 14 3 SHIFT  6KLIWNH  6LJQFKDQ JLQJ  6LPSOHLQWHUHVW  6ORSH  6TXDUHURR W  6TXDUHV  6WDQGDUGGHYLDWL R Q  ,  SRSXODW LRQ  VDPSO H   STAT  ,  6WDWLVWLFV DWDJODQ FH  FOHD U LQJ  ,  ,  HQW HU LQ J G DWD  HVWL[...]

  • Pagina 144

    10B.book Page 144 Wednesday, J une 21, 2000 5:19 PM[...]