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i
You can calculate
,
simply by entering a
nonzero digit to the right of the decimal point.) This places the calculator in
Odd-Period mode.
The integer part of
*
specifies the number of full payment periods, and the fractional part (the part to the
right of the decimal) specifies the length of the odd period as a fraction of a full
period. The odd period, therefore, cannot be greater than one full period.
The fractional part of
days or the number of odd days counted on the basis of a 30-day month.
Ò function can be used to calculate the number of odd days either way. The
n
fractional part of
is a fraction of a payment period, so the number of odd days
must be divided by the number of days in a period. If interest is compounded
monthly, for this number you can use either 30, 365/12, or (if the odd period falls
entirely within a single month) the actual number of days in that month. Usually, a
monthly period is taken to be 30 days long.
At your option, the calculations of
simple interest or compound interest accruing during the odd period. If the C C C C status
indicator in the display is not lit, simple interest is used. To specify compound
interest, turn the C C C C indicator on by pressing ?Æ.
turns the C C C C indicator off, and calculations will then be performed using simple
interest for the odd period.
*
i
PMT
Calculations of
,
, and
period. This is equal to the number in the PV register
period. When calculating
present value at the
beginning
i
PV
After calculating
,
,
you do, the calculator will switch out of Odd-Period mode and compute
odd period into account. The values in the other financial registers will correspond to the new
n
, but the original assumptions for the problem will be changed.
†
The two methods of counting odd days will yield slightly different answers. If you are
i
calculating
to determine the annual percentage rate (APR) for an odd-period transaction, the
lower APR will result if the calculation uses the greater number of odd days determined using
the two methods.
‡
?Æ is not programmable.
Section 3: Basic Fin
Section 3:
Section 3:
Section 3:
PV
PMT
FV
,
, and
for transactions involving an odd period
noninteger n
. (A noninteger is a number with at least one
n
(the part to the left of the decimal point)
n
can be determined using either the actual number of odd
i
PV
PMT
,
,
FV
are performed using the present value at the end of the odd
PV
in Odd-Period mode, the calculator returns a value equal to the
of the odd period and stores it in the
PMT
FV
, or
in Odd-Period mode, you should not try to calculate
Basic Financial Functions
ancial Functions
Basic Fin
Basic Fin
ancial Functions
ancial Functions
FV
, and
can be performed with either
Pressing ?Æ again
‡
plus
the interest accrued during the odd
PV
register.
n
without taking the
51
51
51
51
The
†
n
. If
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