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
__ """'" __ -.,;,;====:::~=w_=_=.=' ====lll!i!!lE!!!!!!!!!!!!!!!!!!!;;l!W"'~""""''''':k'";",,''',',,"N",i!!!'' ~_b.eiligili.n.ni.njlg.a_n.ew.p~r;o~b;.'ile~m._lilJli~'lIC~lliiIIl 1Il!llIII1lIIIIII"_"_

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

Power and Root Calculations
Powers are calculated by using the !PWR Ikey in
conjunction with the [2} key, Example: 25=32:
2[2} 5!PWR !displays 32
Roots are calculated by using the IpWR! key in
conjunction with the Bkey. Example: '9'32 =
2:
32 85 !pwBJ displays 2.
Example: What annual rate of interest must be ob-
tained to allow a $6500 investment to grow to $11,000
in 9years? Using the formula: FV :::::: PV(1 + i)n
and solving for i:
i=(f)'FV/PV) - 1,
Financial Calculations
To enter numbers of periods. Touching
~ayumes unit periods. Touching
CHS [QJassumes periods X12 (months).
To enter f2ercentage interest per period.
Touchingl
%i lassumes %interest per
period. Touching
[CHS] I%i lassumes %
interest per period -;- 12 (months).
IAMTI [6J andI%ilean be entered in any sequence.
In conjunction with the following three keys, your
Novus Financier will perform single-key functions most
needed by professionals
in business and finance.
!AMT! To enter amounts.
@
Amount and Percentage Change Calculations
16.% 6. I To compute amount and percentage
change. Percentage change is displayed,
amount of change is stored
in aspecial
memory.
To display amount of change
after percentage change has been
calculated, touch
ffiKJ
Example: If ahouse was purchased for $49,750.00,
what is the percentage and amount of change if:
A) It now sells for $56,500;
8) It now sells for $30,0007
Present value.
Number of periods.
Annual inlarest rate (6.02%).
Set up
to lake 9th root.
COMMENTS
Future value.
KEYIN
DISPLAY SHOWS
11000
11000
B11000.
6500
6500
EI
1.6923076
99
IpWR[ 1,0602
ill
1,0602
1
B.0602
A)
KEVIN DISPLAY
SHOWS
COMMENTS
56500 56500 Current value.
IA~D
56500 Enter amount.
49750
49750
Purchase price.
16.%6[ 13.57 %change in price (increase).
!E.J
6750, Amount of change (Increase).
10 L

B)
EJ
2825.
Amount to be depreciated.
30000 30000
Current value.
88 Number of periods (i n years).
IAMTI 30000. 08.
49750 49750
Purchase price.
[§QQ] 627.78 First year depreciation.
1L.%61
~39.7 % change in prics (decrease).
[ill
2197.22
BooK value after one year.
!EJ -19750
Amount of change (decrease).
[]Q[]
54931 Second year depreciation.
Example: If you bUy goods for $8,000 and sell
lEX I1647.91
BooK value after two years.
them for $12,000, what is the percentage and amount [§Q[J 470.83
Third year depreciation.
of your net profit?
lEX I
117708
KEY IN
DISPLAY SHOWS
COMMENTS
Book value after three years.
12000 12000
Gross profit.
[]QQ] 392.36 Fourth year depreciation.
IAMTI 12000.
Enter amount
lEX I784.72
Book value after four years.
8000 8000
Cost of goods.
[§QQJ
313.89
Fifth year depreciation.
[6%61 50.
Percentage profit. [gJ
470.83
Book value after five years.
lEX I4000.
Net profit. [@]
235.42
Sixth year depreciation.
lEX I235.41
Book value after six years.
Sum~of-Digits Depreciation
[@]
156.94
Seventh year depreciation.
ISOD IComputes sum-oj-digits depreciation
[W 78.47
Book value after seven years.
and book value given the amount to be
depreciated and number of periods of
[[Q[]
78,47
Eighth year depreciation.
depreciation. Depreciation is displayed, [gX I
O.
Asset has been fully
book value is stored in aspecial memory.
depreciated.
To display book value after depreciation
Discounted Notes and loan Rebates
has been calculated, touch lEX .1
Example: Discounted note and loan rebate using
Example:
Find the depreciation and book value for
the rule of 78's, Abusinessman has taken anote for
each year on
an item with an initial cost of $3500 and $20,000
at an annual percentage rate of 11 %to be
asalvage vaiue at the end of eight years of $675. repaid
in eight months. If the interest is discounted
KEYIN
DISPLAY SHOWS
COMMENTS
(taken in advance), what is the discount amount, the
3500 3500
Initiai oosl.
proceeds of the loan and effective annual yield?
!±J
3500.
KEY IN DISPLAY SHOWS
COMMENTS
IMR/Mcl
0,
Ciear memory.
675
675
Satvage value.
20000 20000
Amount of loan.
!M+I
20000.
Add to memory.
11

Present Value and Payment on Loans
l8J
20000, Present Value
of Annuity
8 8 Number of months. With IAMTI,I
%i land [ij]entered, touching loan
computes the amount that can be
loa@esent
EJ
160000 }Interest is computed
on
value, loan PV )if aperiodic payment AMT is made
12
12
amonthly basis. over anumber of periods
[~]C;t an interest rate I %i I
l8J
per period.
13333.333
11 11
Annual percentage rate. Example: How much can you borrow from abank
that charges 9% interest compounded monthly if you
~
1466,67 Amount
of discount. can afford to pay:
EJ
1466.67 Set up to yield effective
A} $125 per month for three years?
annual yield.
B) $125 per month for four years?
ICHS 1-1466.67
C) $120 per month for four years?
IM+I
-1466.67 SUbtract from amount of
A)
loan in memory to get amount
KEY IN
DISPLAY SHOWS
COMMENTS
of proceed. 99Annual percentage rate.
IMR/Mcl
18533.33 Amount
of proceed.
ICHSI
§]
-9
}Com pute and store
7.91
EHective annual yield.
1%11
monthly interest rate.
,0075
If the loan were repaid after three months, what is
33Number of years.
the amount of interest accrued on the loan and the
amount of rebate using the rule of 78's?
ICHsl
-3 }Compuie and siora
KEYIN DISPLAY SHOWS COMMENTS
036. number of months.
ICE/cl
0125 125 Payment per month.
88Number of months of loan.
IAMTI
125.
[5]
8.
Iloani 3930.85 Amount that can be borrowed.
1466.67 1466.67 Discount amount.
B)
tEl
1466.67 44New number
of periods,
Isool
325.93 Interest accrusd during ICHSI -4
fi rst month.
fEJ 1140.74 Remaining interest. @48.
Isool
285.19 Interest accrued during
Iioanl
5023,1 Amownt that can
be borrowed,
second month.
C)
[gJ
855.55 Remaining interest. 120 120
Isool
244.44 Interest accrued
during
IAMTI
120. New payment per month.
third month.
ew
611.11 Remaining interest (amownt Iioanl 4822.17 Amownt that can be borrowed. ~
of rebate).
~"
12
t,
L

Clearly, alternative 2is the best choice.
KEYIN
DISPLAY SHOWS COMMENTS
5250 5250 Amount of loan.
[AMTI
5250
10 10 Number of periods.
Monthly payment.
Monthly payment.
New annual percentage rate.
Monthly payment.
Annual percentage rate.
Amount
of loan.
}Compute and store
monthly interest rate.
Number
of years.
COMMENTS
Annual percentage rate.
}Compute and slore
monthly interest rate.
}Compute and store
number of months,
10.
115
-11.5
.00958333
553,07
[6]
n.5
ICHSj
I%il
ICHSlllOanl
Example: A$5000 loan is to
be repaid in equal
monthly installments over five years. How much is
each payment if:
A) The annual percentage rate is 18%?
B) The annual percentage rate is 12%?
A)
KEY IN DISPLAY SHOWS
18 18
ICHSI
-18
1%11 .015
55
ICHSI
-5
~
60.
5000 5000
IAMTI
5000.
fCHSllloanl 126.97
B)
12 12
ICHSI
-12
[%il
.01
ICHSllloanl
111 .22
Lump sum payment.
Number of periods (in years).
Interest per period (in years).
Difference between two choices.
Present value of annuity.
KEYIN
DISPLAY SHOWS
2000 2000
IAMTI
2000
8 8
[J£JJ
.08
20 20
!ill
20.
Iloani 19636.3
B-19636.3
21000 21000
I±l
1363.7
Payments on Loans
With IAMTLI %i land lliJentered, touchingI CHS lloan
computes the
perio~ment (loan PMT) required
to support aloan
ofl.6MIJat an interest rate per
periodj
%i lover anumber of periodslliJ.
Example: If you borrow $5250 to be repaid in 10
equal monthly installments from abank charging
an
annual interest rate of 11.5% compounded monthly,
how much are your monthly payments?
Example: Awoman has just received
an inheritance.
Under the terms of the will, she has two choices:
1. She can receive payments of $2000 ayear for 20
years.
2. She can receive alump sum of $21,000
now. Assuming that money
is worth 8% annually,
which alternative should the woman choose?
COMMENTS
Payment per year.
13

Future Value and
Payment on Savings
Future Value of Savings
With IAMrLl %i land Ej]entered, touching jsvgsl
romJutes the amount of future value (svgs FV )if
AMT
is deposited periodically for [!Dperiods at an
interest rate per periodl % ii,
Example: If $100 is deposited into asavings account
each month and the interest paid
is compounded
monthly, how much
is the account worth after:
A) Six years at 7.5% annual percentage rate?
B) Nine years at 4,75% annual percentage rate?
A)
KEYIN
DISPLAY SHOWS
7.5 7.5
ICHS I-7.5
[1JJ
00625
66
ICHSI
-6
[!D
72.
100
100
IAMTI 100.
IsvgS] 9057.88
B)
99
ICHSj
-9
[5]
108.
4.75
4.75
[cHsl -4.75
[}ill
.00395833
Isvgsl 13443.17
14
COMMENTS
Annual percentage rate.
}
Compute and store
. monthly interest rate.
Number of years,
}
Compute and store
number of months.
Monthly payment.
Future value of account.
New number of years.
New annual percentage rate.
Future value of account.
Payment on Savings
With IAMTI,) %i l~nd.r:~Jentered, touching ICHSllsvgsl
computes the periodic amount
to be deposited in
asavings account (svgs PMT )for [illperiods at an
Interest rate I %1 Ito accumulate the desired amount
IAMTI,
Example: Asavings account
is paying 5.5% per
year.
How much must be deposited periodically to
grow to $15,000 in five years if:
A) Money is deposited and compounded monthly?
B) Money is deposited and compounded quarterly?
A)
KEY IN DISPLAY SHOWS COMMENTS
5.5 5.5
Annual percentage rale.
ICHSI -5.5 }
Compute and store
~
.00458333
monthly interest rate.
[§] 5
Number of years.
ICHS I-5 }
Compute and store
[6]
60.
number of months,
15000 15000
Desired future value of account.
IAMTI 15000.
!cHsllsvgsl 217.77
Month Iy payment.

B)
A)
5.5
55
Annual percentage rate. KEY
IN DISPLAY SHOWS COMMENTS
B5.5 99Number ofyears.
44Number of quarters.
ICHSI
-9
}Compute and store
[6]
108
nu mber of months,
§]
1.38 Quarterly interest rate,
I%il .0138 5.25 5.25 Annual percentage rate.
55Number of years.
ICHSI
-5.25 }
Com pule and store
I%il
.004375 monthly percentage rate.
l2SJ
5.
442500 2500 Amount deposited.
§]
20.
Num ber of quarters.
IAMTI
2500.
[6]
20.
Dill
4005.87 Future value.
15000 15000 Desired future value of account.
B)
3000 3000 New amount deposited.
IAMTI
150000.
IAMTI
3000.
ICHSllsvgsl 656.39 Quarterly payment.
[J6IJ 4807.04 Future value.
Compound Interest Calculations
C)
5 5 New annual interest rate.
Future Value with Compound Interest
ICHSI
-5
With IAMTI.I %i land [6Jentered, touchingIT6!J
rompites the future value (int FV ) of an amount
I%il
.00416666
AMT deposited now, c,ompounded
over[6]periods
10 10 New number of years.
at an interest rate per period 1% i .1
Example: Find the future vaiue of asavings account
ICHSI
-10
on which interest is compounded monthly if you left: [6J
120
A) $2500 in the account for nine years at 5.25%.
Dill
4941.02 Future value,
S) $3000 in the account for nine years at 5.25%,
C) $3000 in the account for ten years at 5%,
15
i,

Present value (amoun1 to
be deposited).
Present value (amount to
be deposited).
Annual percentage rate.
New desired 1uture value.
New annual percentage rate.
Desired future value.
}Compute and store
number of months.
Present value (amount to
be deposited).
}Compute and store
monthly percentage
rate.
77
[cHsl
-7
BJ
84
4.5 4.5
jCHsl
-4.5
I%il .00375
5000 5000
lAMT] 5000.
ICHsllliill
3651.1
B)
10000 10000
IAMTI 10000.
ICHSIIT6I1
7302.19
C)
7.5 7.5
ICHsl
-7.5
I%il .00625
jCHS]1JDIJ
592523
16
Present Value with Compound Interest
WithI AMTI,1 %i jand[!j]entered, touching ICHSI!I6Il
computes the present value (int PV ), the amount
necessary today, to accumulate the future amount
I AMT Iif the present value is compounded over ~
periods at an interest rate per periodI %i .1
Example: Abank pays 4.5% per year compounded
monthly. Find the amount that must be deposited
now to grow to:
A) $5,000 after seven years.
B) $10,000 after seven years.
C) $10,000 after seven and one-half years.
A)
KEY IN DISPLAY SHOWS COMMENTS
Num ber of years.

Appendix
Financial Equations Used
Your Financier uses the following equations for
single-key financial calculations.
With
[6], Iamtl, and ~ entered:
Touching/loan Icomputes the present value
of an
annuity using the equation:
PV =1 - {1 +ij-n Xamt
i
Touching ICHSllloan !computes the payment to a
loan using the equation: i
Payment =Xamt
1 - (1 + i)-n
Touching Isvgsl computes the future value of an
annuity using the equation:
FV = (1 + i)n -1 X amt
i
Touching ICHSI!svgsl computes asinking fund
deposit using the equation: i
Payment =amt X ----
(1 + i)o-l
Touching lliill computes the future value of alump
sum using the equation:
FV =amI X {1 + i)n
Touching ICHsI!liill computes the present value of
alump sum using the equation:
PV =_am..!.-
(1 + i)n
17

18
Other Products
Other "professional" calculators from NOVUS ...
4510 •NOVUS Mathematician
The Electronic Slide Rule
•Trig and inverse trig functions-
eCommon and natural logs and anti-Iogs-
•Fully addressable, accumulating memory
4515 •NOVUS Mathematician P.R.
The Programmable Electronic Slide Rule
•Same features as 4510
•100 step programming capabiIity
6010 •NOVUS International Computer
The Electronic Measurement Converter
•More than
65 international measurement
conversions
•Fully addressable, accumulating memory
•Total calculating capability with live percent
6025 •NOVUS Financier P.R.
The Programmable Electronic Financial Calculator
•Same features
as 6020
•100 step programming capability
6030 •NOVUS Statistician
The Electronic Statistical Calculator
•Dedicated to solving statistical calculations
•Pre-programmed statistical equations
•Fully addressable, accumulating memory
6035 •NOVUS Statistician P.R.
The Programmable Statistical Calculator
•Same features
as 6030
•100 step programming capability
For
fu rther information see your dealer or write:
NOVUS CUSTOMER RELATIONS DEPT.
1177 Kern Av.
Sunnyvale, CA 94086
[phone]

Consumer Warranty
NOVUS Model 6020
NOVUS, the consumer products division of National
Semiconductor Corpor!3.tion, is proud to guarantee
your electronic calculator to be free from defects in
workmanship and materials for aperiod of one year
from the date of your purchase, Defects caused by
abuse, accidents, modifica,tions, negligence, misuse
or other causes beyond the control of NOVUS are, of
course, not covered by this warranty, nor are batteries.
Should the calculator prove defective within 30 days
of purchase, NOVUS will repair or, at its discretion,
replace it free
of charge. If the defect occurs after 30
days from date of purchase, acharge of $3.50 will be
made for handling and insurance. If your calculator
becomes defective after the one-year per'lod, NOVUS
will make repairs for anominal charge of $17.50.
Simply mail it prepaid and insured with your check or
money order to the nearest NOVUS service center.
Repair prices are sUbject to change without notice.
Please do not send or include cash. Make your check
or money order payable to NOVUS. Upon receipt,
your calculator will be promptly serviced and returned
to you freight prepaid.
Consumer Warranty
Registration Certificate
Please put your warranty into effect by completing
this form and mailing it within 10 days from date of
purchase to the NOVUS service center in your area.
Model Number 6020
Serial Number _
Purchase Oate _
(monthId ay Iyear)
Purchased from, . _
Address _
City, State, Zif.l.p-
~
Your Name, _
Your Addressi _
City, State, Zip, _
19