Victor V12 Owner's Manual
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Victor V12 Owner's Manual

Financial calculator
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Enlarged version
Owners Guide
V12 Financial Calculator
V12 Manual
Preface
Congratulations on your purchase of the V12
financial calculator from Victor Technology.
Victor has been serving customers since 1918.
Today, Victor offers a complete line of printing,
handheld, desktop, scientific, and financial
calculators. For more information please see
our website at
www.victortech.com
1-800-628-2420.
Victor: The Choice of Professionals
Copyright © 2007 by Victor Technology LLC
All rights reserved.
1
or call us at

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  • Page 1 Owners Guide V12 Financial Calculator V12 Manual Preface Congratulations on your purchase of the V12 financial calculator from Victor Technology. Victor has been serving customers since 1918. Today, Victor offers a complete line of printing, handheld, desktop, scientific, and financial calculators.

  • Page 2: Table Of Contents

    Basic Financial Calculations...13 Positive and Negative Cash Flows...13 Payment Function ...14 The special relationship between i. and n..14 V12 Manual Determining Interest Rate: Solving for i..14 Determining Present Value: Solving for PV ...16 Determining Payment Amount: Solving for PMT .17 Determining Future Value: Solving for FV...17...
  • Page 3 On the display, digits are separated with commas left of the decimal place. To change the decimal point period icon to a comma and the comma icon to a decimal point, turn the V12 off, touch and hold the decimal point button . , and touch the ON...

  • Page 4: Entering Large Amounts

    Repeat this process again to reset these placements to the standard display. Entering Large Amounts The V12 displays numbers up to 10 digits. Scientific notation allows numbers longer than 10 digits to be entered. To perform this function, enter the number with the decimal point moved to the left.

  • Page 5: Rpn Method

    It is necessary to enter both numbers in the equation, and then select the mathematical operation to be used. Touching ENTER between number entries allows a separation of the different values within the calculator, and after entering the second value, selecting the mathematical operation completes the calculation.

  • Page 6: Chapter 2: The First Steps To Financial Functions

    To perform this operation on a 365-day cycle, touch R↓ x ↔ y to find and show interest accrued after determining the 360 day interest. V12 Manual Example Calculate the simple interest on a 100,000 amount with 12% annual interest for 180 days using the 360 day cycle and the 365 day cycle.

  • Page 7: Basic Financial Calculations

    The final cash value received or paid or the future value of a series of payments assuming an interest rate. When using the V12, four of these five variables must be known to perform a calculation. The unknown variable can then be solved.

  • Page 8: Payment Function

    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.

  • Page 9: Determining Present Value: Solving For Pv

    Displays the interest rate of 6% per year or 0.5% per month. -2,398.20 2398.202 CHS PMT Displays the monthly payment ------------ The V12 is calculating the value. 400,000.00 Displays the loan amount or present V12 Manual value. Actual amount may vary slightly due to rounding...

  • Page 10: Determining Number Of Periods: Solving For N

    Use i or r 12÷ to enter periodic interest rate. Enter values for PV(present value), PMT (amount of payment), FV (future value) Select payment function by touching r BEG or V12 Manual Touch n to calculate number of periods or payments Example ENTRIES (RPN) DISPLAY 0.00...

  • Page 11: Amortization Function

    If you repeat the Amortization function after an initial calculation, the V12 picks up where you left off. In other words, after you calculate the interest and principle paid after one year, the V12 resets the present value of the loan to the principle after one year.

  • Page 12: Chapter 3: Other Financial Calculations

    When NPV is positive, financial value increases. When NPV is 0, financial value stays the same. When NPV is negative, financial value decreases. V12 Manual Therefore, the greater the value of NPV, the greater the increase in financial value. To find NPV, add the initial deposit (a negative cash flow) to present value of future cash flow.

  • Page 13: Grouped Cash Flows

    $400,000. The landlord’s desired rate of return is 15% per year. What is the NPV of this investment? Example ENTRIES (RPN) DISPLAY 0.00 Clears the storage and financial V12 Manual registers. -500,000.00 500000 CHS r CFo Displays -$500,000 as the initial cash flow.

  • Page 14: Replacing Current Cash Flow Value Data

    Replacing Current Cash Flow Value Data Individual cash flow values stored in the V12 can be replaced. To replace a current cash flow value: Enter the amount Touch STO Enter the number of the CF register to be replaced Example Starting from the previous example (A landlord buys and rents a building to a tenant for 8 years.

  • Page 15: Determining Bond Values

    200.00 Stores 200% as the accelerated rate at which depreciation will be calculated. 1,1667.67 V12 Manual Displays the depreciation for year 1,433.33 x ↔ y Displays the amount left to be depreciated after one year 137.04...

  • Page 16: Percentages

    Enters Maturity Date and calculates yield to maturity To Calculate Bond Price and Yield for 30/360 Day Basis Bonds with a semiannual coupon, please reference V12 programming guide at www.VictorV12.com/programs To Calculate Price and Yield for Bonds with Annual Coupons, please reference V12 programming guide at www.VictorV12.com.
  • Page 17 Displays the result To find the percentage % of a value in RPN method: Enter the base value Touch ENTER Enter the percentage Touch V12 Manual Example In RPN method, calculate 35% of $1,200: ENTRIES (RPN) DISPLAY 00.00 Clears the display and x register 1200.00...

  • Page 18: Calendar Operations

    Calendar Operations The V12 stores dates using two methods. The first is called Month-Day-Year and is set by touching M.DY. To enter a date in Month-Day-Year format: Enter the two digits of the month (01 to 12) Touch the decimal point key...

  • Page 19: Chapter 4: Other Operational Features

    V12 Manual Chapter 4: Other Operational Features Another function of the V12 calculator is continuous memory of storage registers (financial. LSTx, block, and data), and information on the current status of the current function (display format, payment mode, and date format). Continuous memory is...

  • Page 20: Full Figure Display

    Enter the number Touch b To exit scientific notation mode: Touch b followed by the number of decimal places you wish to display V12 Manual Example Convert 567.89 to scientific notation and then set the display back to 2 decimal places 567.89 567.89 ENTER...

  • Page 21: Lst X

    Error Display If an improper function or operation is entered the calculator will display ERROR on the screen, followed by a number (0-9). To clear the ERROR message from the display screen, touch any key to return calculator to state before improper command or entry was entered.

  • Page 22: Statistical Features And Functions

    Clearing the statistical registers before entering new data is necessary. Do this by touching ∑+ (also resets block registers and the display screen). V12 Manual One-variable statistical calculations contain only x-values (data points). To enter only x-values, enter the value, and then touch ∑+.

  • Page 23: Standard Deviation Entries

    The measurements are summarized below: Child Height (Inches) Weight (lbs) = = y-values x-values V12 Manual 48.00 48 ENTER Displays the first y value. 1.00 85 ∑+ Displays which entry has just been entered …...

  • Page 24: Weighted Mean Values

    Enter value of item and touch ENTER Enter items’ weight and touch ∑+ Repeat until all values are entered, following the item ENTER weight ∑+ formula V12 Manual Touch r x w to calculate weighted mean of all values Example Over a 6-month period, you buy bricks on many occasions to lay a path through your garden.

  • Page 25: Mathematical Features And Functions

    Mathematical Features and Functions Most mathematical operations need only one number to be in the calculator (on the display screen) before a function button is touched. Touching the function button displays the result in the display screen in place of the originally entered number.
  • Page 26 Displays the natural logarithmic value of 9. 0.95 10 r LN ÷ Displays the common logarithmic V12 Manual value of 9 (when in RPN mode) 0.95 ÷ 10 r LN Displays the common logarithmic value of 9 (when in ALG mode) Square Root Values When r √x is touched, the square root of the value on the...

  • Page 27: Power Features In Alg Method

    Touch b P/R to enable program function. In program mode, operations entered are not executed, but stored into the calculator. The PRGM icon will appear on the display screen while in program mode. Touch b clear PRGM to clear any previous programs...
  • Page 28 $10 115.00 Displays the 30% off price plus $10. V12 Manual After you calculate net cost, you can set the calculator to program function and erase any previously stored programs by: Sets the calculator to program function PRGM Clears the program memory To create a program, use the same buttons you used to solve for net cost manually.

  • Page 29: Executing Your Own Program

    Executing Your Own Program Touch b P/R to put calculator back in run function. Enter all required input into the calculator the same as if you were calculating manually. (When a program is executed, the data already entered onto the display and into the registers inside the unit are used.)

  • Page 30: Determining Program Line Instructions

    A program line set to 000 will show no code, because there is no instruction specified. To display a program line: touch b , P/R to set calculator to program mode instead of run mode, this will display the key code and line number for the calculator’s current program line.

  • Page 31: Program Line 000 And The Gto 000 Instruction

    400 (maximum) program line. The calculator is set to hold eight lines of program memory, so if you had eight lines of programming, the calculator would automatically perform instruction GTO 000 after the eighth line was performed.

  • Page 32: Setting The Calculator To A Specific Program Line

    SST (Hold) Displays the eighth program line Executes the eighth program line V12 Manual Setting the Calculator to a Specific Program Line Storing a second program or adjusting an existing program sometimes requires you to go to a specific line of programming.

  • Page 33: Stopping A Program During Execution

    R/S. ENTRIES (RPN) DISPLAY Puts the calculator in Run method Displays the regular price of $200 V12 Manual 180.00 Displays the 10% off price 160.00 After a pause, displays the 20% off price. Note: If the pause is too short, additional pauses can be added by programming PSE more than once.

  • Page 34: Chapter 6: Branch & Loop Programs

    Displays the 10% off price 160.00 After a stop, displays the 20% off price. V12 Manual Chapter 6: Branch & Loop Programs Program instructions typically execute sequentially through program line numbers, but it is possible to transfer or ‘branch’ to a program line that is not the next line of program memory.
  • Page 35 Memory program is cleared. 001, Digit 1 is the first program line 002, Multiply by 1% to calculate monthly interest V12 Manual 003, Add the 1% interest to the amount owed 004, Digit 1 is the fourth program line 005,...

  • Page 36: Storing More Than One Program

    To run a program that starts at a line other than 001, set the calculator to the first line in the program with a GTO instruction before you touch R/S.

  • Page 37: Chapter 7: Editing Your Programs

    Inserting Instructions Into a Program To insert new instructions into a program, a branch must be created because the V12 does not have a mechanism to insert new program lines between existing program lines. Branching will allow you to go to a new instruction added at the end of the program, then branch back and continue with the next program line after the branch.
  • Page 38 GTO 000 execution. This is required if a branch is to follow. Program is now stored b P/R 0.00 V12 Manual Sets calculator to run mode 0.00 b P/R Sets calculator to program mode 004, Go to and display the fourth program line.

  • Page 39: Inserting Instructions At The End Of A Program

    Enter new instructions. V12 Manual Chapter 8: Error Messages Certain operational procedures prohibit the V12 from completing calculations causing an error message to appear on the display screen, along with a number 0-9 that corresponds with the particular error condition. These errors are summarized below: The operation included a zero value that prevented calculation.
  • Page 40 Authorized Service Center. Due to the possibility of damage or loss, it is recommended when sending product that you package the product securely and send it insured, return receipt requested.

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