Novus 6020 Financier User manual

P~e CONTENTS
2Getting Started
2Battery Installation
2AC
Adaptor
2Operation
Display, Overflow, and Error Indication
Automatic Display Shutoff
Negative Numbers
3Keyboard Layout
4Performing
Calculations
4 Addition and Subtraction
Repeat Add/Subtract
5
Multiplication and Division
Constant Multiplication
Constant Division
6
Memory
6Expense Proration
7Expense Distribution
8
Depreciation by Declining Balance
8Percentage
Calculations
Add-on Calculations
Variable Percentage Calculations
10 Power and
Root Calculations
10 Financial Calculations
Amount and Percentage Calculations
11 Sum-of-Digits Depreciation
Discounted Notes and
Loan Rebates .
12 Present Value and Payment on Loans
Present Value of Annuity
Payments
on Loans
14 Futu
re Value and Payment on Savings
Future Value of Savings
Payment
on Savings
15
Compound Interest Calculations
Future Value with Compound Interest
Present Value with Compound Interest
17
Appendix
Financial Equations Used
18 Other Products
19 Consumer Warranty Certificate

Getting Started
Turn your Novus Financier on with the switch on the
Ieft side of the calculator. The calculator
is auto-
matically cleared and the display should now show
O.
If it does not, check to see if the batteries are
properly connected. Battery
Installation
Your Novus Financier is powered by a9-volt transistor
battery which should give you about two months
of operation with normal
use, The Financier will show
adecimal point
on the extreme left side of the display
as alow-battery indicator, Although calculations can
still
be made while the low-battery indicator is on,
the battery should be replaced as soon as possible.
Continued
use on aweak battery may result in inac-
curate answers,
To change batteries, turn the machine
over, place asmall coin
in the slot at the top of the
battery door and gently
pUll toward you. The battery
door will slip out.
BE SURE THE CALCULATOR IS
TURNED OFF BEFORE REPLACING THE BATTERY,
Slip the bottom of the battery door back
in place and
squeezing gently on the two prongs on the door,
snap it back in place.
2
AC Adaptor
You can use your Financier on regular AC current by
connecting the Novus AC adaptor to the jack at the
top of the machine.
BE SURE YOUR CALCULATOR IS
TURNED OFF BEFORE CONNECTING THE ADAPTOR,
Operation
Display, Overflow and Error Indication
The Novus Financier will accept and display any
positive or negative number between 0.0000001 and
99999999. Any result larger than 99999999 or smaller
than -99999999 or any logic error
(Le. division by
zero) will result
in an error indicated by all zeros and
all decimal points showing
in the display. Touching
I CE/C Iwill clear the error irtdication permitting-
further calculations.
Automatic Display Shutoff
To save battery life, the Novus Financier will shut off
the display and show
all decimal points if no key
has been touched for apprOXimately 25 seconds, No
data has been changed and further entries or opera-
tions will bring back the display,
To restore the display
without changing its cOrttents, touch I
CHS Itwice.
I EX IExchanges the number in the display with
the number last
in the display.
ICE/C ITouched before afunction key, one touch
of
ICE/cl clears the iast number entry,
and enables you to continue calculations;
two touches of tCE/CI clears everythirtg
but memory, Touched after afunction
key,
orte touch ofICE/C Iclears everything
but memory,
I CHS IChanges the sigrt of rtumber in the display.
Negative Numbers
To enter anegative number, key in the desired
number and touch I
CHS I,

Keyboard Layout
.- -
E::=' '=: E: c' 31~' c:
i':
Financial
--;c
fu nction keys
Memory
function keys
-~,
Number
entry
keys--
The svgs, loan
-- and int keys
Sum-of digits
-- and power keys
Percent
,-- function keys
Basic
function keys
--Clear key
3

Performing Calculations
For maximum calculating flexibility, your Novus
Financier uses business logic for solving problems.
Addition and subtraction
is performed arithmetically,
which simply means you don't need
to use an Equals
key
to get an answer. The benefit to you is the ability
to add
or subtract the same number repeatedly by just
touching the
[] or El key. You can make instant,
trouble-free corrections of entry errors, and solve
many problems
in fewer keystrokes. Th'ls gives you a
great advantage when working with long columns
of figures. Because you get credit balances auto-
matically, and automatic roundoff at two decimal
places, your Financier
is ideal for doliars-and-cents
calculations.
MUltiplication and division problems are performed
algebraically,
In other words, you do the problem
exactly as you'd say it. This simpiifies your approach
to problems inVOlving chain calculations, percent-
ages and more complex equations,
So your Novus Financier gives you the optimum
combination of logic systems.
You can tackle each
type of problem in the most efficient
way, You get
fast and easy answers because you
can apply
computation power normally found only
in more
expensive desk-top calculators,
Addition and Subtraction
The Novus Financier adds and subtracts the same
way as the old familiar adding machine. The
[±] key
adds the last entry
to whatever is already in the
machine, and the Bkey subtracts the last entry.
Example: 2
rn 3 [±J displays 5. TOUChing~C I
to clear between addition problems, 7[±] 3 -
displays 4.
Repeat Add/Subtract
The Financier is in ADDITION mode whenever the
last function touched
is EEl or EJ When the
calculator
is in the ADDITION mode, the last entry
is set up for repeat operations,
Example: Add 5
+- 2 +- 2 +- 2:
KEY IN DISPLAY SHOWS COMMENTS
55
I±J
5.
22
[f]
7.
[±]
9.
Automatic repeat addition.
[±]
11.
Automatic repeat addition.
ICE/C I0Clear between addition
problems,
Ciear between subtraction
problems.
Automatic repeat subtraction.
Automatic repeat subtraction.
Example: Subtract 18 - 3 - 3 - 3:
COMMENTS
KEYIN
DISPLAY SHOWS
18 18
OJ
18.
33
EJ
15.
EJ
12.
g9
I CE/C I0
4
L

5
Automatic second factor can·
stant division, constant is '" 6.
Set CHAI Ndivision mode.
Avoiding
Key
In
5.1234
II
10
•or Iii
.3
KEY IN
DISPLAY SHOWS
12 12
EJ
12.
66
E:l
2.
20
20
EI
3.33
1.8 1.8
Automatic second factor con-
stant division, constant
is ~ 6.
The •(equals key) is designed to auto-
matically round off to two decimal places.
In
order to see results displayed with more than
two decimal places, avoid
use of the equals
key. Instead, use either the •(times key) or
the •(divide key)
at the point in the prob-
lem where
an •depression would occur,
EXAMPLE
5.1234.10.51.234
Using.
Key In Display
5.1234 5.1234
•5.1234
10
10.
•51.23
i
Rounded
Off Answer
Constant Division
When the CHAIN mode has been established with
the
EJ key, the calculator retains the second factor
for constant division.
Example: Divide 12
by 6; 20 by 6and 1.8 by 6:
COMMENTS
COMMENTS
Automatic first factor constant
muitiplicatlon, constant is 3
X.
Automatic first factDr constant
multiplication, constant
is 3 X.
Set CHAIN multiplication mode.
3
3.
4
12,
5
15.
-6.21
-18.63
IMPORTANT NOTE ABOUT
YOUR CALCULATOR
KEY IN DISPLAY SHOWS
3
[EJ
4
EI
5
EJ
6,21 [CHS I
EJ
Multiplication and Division
Multiplication and division probiems are done
algebraically, that is, you
do the problem exactly
as you'd say it.
Example: 5
~ 4 EJ displays 20.
8B4 EJ displays 2.
2 [2] 3 [RI4 EJ 6 E:l displays 4.
Constant Multiplication
The Financier is in CHAIN mode whenever the last
fUnction touched is
[8J or EJ. When CHAIN mode
has been established with the
[g] key, the calculator
retains the first factor for constant multiplication:
Example: Multiply 3 X 4; 3 X 5and 3 X (·-·6.21):
•
Display
5,1234
5.1234
10.
51.234
t
All digits of
answer are
displayed
Remember to depress
~ before
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COMMENTS
Automatic roundoff to two
decimal places. Net price for
item B. Tolal added to memory.
Net price for item A. Total is
added to memory.
Net price for item C. Total is
added to memory.
Recall grand total from memory.
Clear memory.
DEPARTMENT
EXPENSES % DISTRIBUTION
Advertising $305.00 ?
Training 200,00 ?
Printing
11550
?
Utilities 86,75 ?
Total Expenses: ?
100%
KEY IN
DISPLAY SHOWS coMMENTS
ICE/cl 0
305 305
Advertising expense.
[±] 305,
200 200
Training expense.
KEY IN
DISPLAY SHOWS
55
[gJ
5,
125 1,25
1=+1 6,25
7 7
[g]
7,
1,188 1.188
E±J
8.32
44
[gJ
4.
.31
.31
1=+1
124
IMR/Mcl
15,81
IMR/MCI 15,81
Expense Proration
Example: What percent of the total expenses has each
department incurred
if the expenses are as follows:
NET PRICE
?
?
?
UNIT PRICE
1.25
1.188
.31
COMMENTS
Result is displayed and added
to memory.
Clear memory tor nexl example.
Result is displayed and added
10 memory,
Recall tOlal from memory.
26,
26
6.
4
4.
5
20.
KEY IN DISPLAY SHOWS
1=+1
4
[8]
5
r=Il
L2J
IMR/Mci
IMR/MCI
2 2
[gJ 2,
3 3
Example: Bring the following invoices forward and
find
tine grand total:
QUANTITY DESCRIPTION
5Item A
7
Item B
4
Item C
Memory
[M+I Adds the number in tile display to the
number
in memory. To subtract the num-
ber
in the display from memory, touch
ICHsl then
IM+I
1=+1 Completes a CHAIN mode calculation
and adds the result to memory,
To subtract
the result from memory, touch
ICHsll=+I.
IMR/MCI One touch of IMR/MCr recalls the number
in memory to the display. Two touches
of IMR/MCI clears memory leaving the
number that was
In memory in the display
for further calculations,
Example: Calculate
the sum of products
(2 X 3) + (4 X 5).
Ii
6L

[±]
505. KEY IN DISPLAY SHOWS COMMENTS
115.5 115.5 Printing expense.
iCE/cl
0
[±]
620.5 5000 5000 Costs
for calculators.
86.75 86.75 Utilities expense.
[±]
5000.
[±]
707.25 Total Expenses 585 585 Costs for appliances.
EJ
707.25 1
tEl
5585.
100 100 Calculate
100 .,. total 2250 2250 Costs for ladles wear.
expenses.
[E]
707.25
[±]
7835.
~
.14139271 Set for constant multiplication. 1575 1575 Costs for stationery.
305 305 Advertising expense.
[±]
9410. Total costs.
1=+1
43.12 %distribution for advertising. EJ
9410
200 200 Training expense. 550 550 Additional overhead.
1=+1
28.28 %distribution for training.
[ill
9410. Calculate
overhead'" costs.
115.5 115.5 Printing expense.
[g]
.05844845
Set for constant multiplicalion.
1=+1
16.33 %distribution for printing. 5000 5000 Costs for calculators.
86,75 86.75 Utilities expense.
1=+1
292.24 Additional overhead for
calculators.
1=+1
12,27 %dislrlbution for utilities. 585 585 Costs for appliances,
IMR/Mcl
100. Recall memory to prove out
1=+1
34.19 Additional overhead for
percentages to 100%. appliances.
IMR/MCI
100. 2250 2250 Costs for ladies wear.
Expense Distribution
1=+1
131.51 Additionai overhead for
ladies wear.
Example: Allocate an additional $550 overhead 1575 1575 Costs for stationery.
to various departments based on their percentage
!~kl
92.06 Additional overhead for
of total costs if their costs are as fOllows:
-,
stationery.
DEPARTMENT COSTS ADO'L OVERHEAD
IMR/MCI
550. Recail memory to prove out
Calculators $5000.00 ?additional overhead
~ $550.
Appliances 585.00 ?
IMR/MCr
550.
Clear memory.
Ladies wear 2250.00 ?
Stationery 1575.00 ?
Total costs: ?$550.00
7

Depreciatjon by Decllning Balance
Example: A$10,000 truck that has a5-year life
expectancy
is to be depreciated at an accelerated rate
of 200% of the declining balance (double declining
balance). Determine the depreciation for each year,
the new book value after each year and the final value.
200.
5
Life expectancy of truck.
40.
100
Constant.
-100
-.4
Set for constant mUltiplication.
10000
Recall original book value.
-400O.
First year depreciation.
600O.
Book value after one year,
-2400.
Second year depreciation.
360O.
Book val ue after two years.
-1440.
Th ird year depreciation.
2160
Book vaiue after three years,
-864
Fourth year depreciation,
1296.
Book value after four years.
-518.4
Fifth year depreciation.
777.6
Final book value,
[MR/MCI
§±]
!MR/MCI
E±l
IMR/MCI
E±l
IMR/MCI
E±l
IMR/MCI
§±]
IMR/MCI
Add-On Calculations
Example: If you buy merchandise at awholesale price
of $725 and there
was atax of 33%, how much would
you pay for the merchandise?
KEY IN DIS~LAY SHOWS COMMENTS
Wholesale price.
Amount of tax"
Net cost of merchandise.
725
725.
33
239.25
964.25
KEYIN DISPLAY SHOWS
153 153
~
153.
25 25
§I
38.25
725
I8J
33
§J
EEl
Percentage Calculations
Your Financier has atrue 'live' percent key enabling
you to do percentages, 'add-on' calculations and
variable percentage problems.
Note: Since your Financier allows for variable
percentage problems,
it is advisable to clear
the machine with two touches ofl CE/C I
between percentage problems.
Example: What
is 25% of 153?
COMMENTS
Original book value,
Depreciation percentage.
Save in memory for future use.
10000
1 DODD.
200
DISPLAY SHOWS KEYIN
EI
100
ICHSI
~
10000
IM+!
200
B
5
8L

Example: How much would you pay for merchandise
costing $475 if you got a 17% discount and there
was 6% sales tax?
Discount to vendor A.
Discount to vendor C.
Net to vendor A.
Net to vendor B.
Discount to vendor B.
Net to vendor C.
KEYIN DISPLAY SHOWS
3455 3455
[?lJ
3455.
21
21
fM
725.55
82729.45
15
15
[§J
518.25
El
2936.75
17 17
~
587.35
82867.65
Variable Percentage Calculations
Example: If you have goods selling for $3455 and give
vendor A 21 %off, vendor B 15% oit and vendor C
17% off, how much discount are you giving each
vendor and what is their net cost?
COMMENTS
Cost 01 goods.
COMMENTS
Cost of merchandise.
Net before tax.
Amount of discount.
Net price.
Amount of tax.
%mark-up.
Retail price.
KEY IN DISPLAY SHOWS
475 475
~
475.
17
17
[§]
80.75
EJ
39425
~
394.25
6 6
rz9.l
23.66
I±J
417.91
700 700
EJ
700
100 100
I±J
100.
30
30
EJ
70.
~
1000.
Example: If you bought merchandise at awholesale
price of $700 and wanted to add a30% mark-up for
retail, how much would you sell the merchandise for?
Using the formula:
.. Wholesale price
Retail pnce =100 01 k
- /0 mar -up
KEY IN DISPLAY SHOWS COMMENTS
Wholesale cost.
9