Texas Instruments Avigo User manual

Avigoé
Quick Start Guide
Avigoé
Financial Calculator User’s Guide
Avigoé
User’s Guide

Avigoé
Quick Start Guide
Texas Instruments contributors:
Win Jackson, Robin Hunt-Smith, Dianna Tidwell, Pat Hatcher, Sallie Huffman, Bob Pospick, Brent
Kinard, Norm Davis, Mike Wilson, Doyle Evans, Mike Tiffin, Mark Hogland, Jim Merchant, Charles
Schwope, Toi Beveridge, David Taylor, Randy Hebert, Alton Ryan, Gopher Chen, Andrew Chen,
Michael Chen, Steve Ruzic, Tham Nguyen, Bob Vestal
Other contributors:
Lisa Kanarek, (Tips and Hints)
Gail DeLay (Cartoons)
Avigo is a trademark of Texas Instruments Incorporated.
Copyright © 1997 by Texas Instruments Incorporated.
1

2 Avigo Quick Start Guide
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First Things First
Be sure to inspect your packaging to ensure you have all of the following:
• AvigoOrganizer • Avigo User’s Guide
• Avigo dock station • Financial Calculator User Guide
• Avigo CD-ROM • Stylus (2)
• AAA batteries (2)
If you are missing any of these items, contact the retail outlet where you purchased the
Avigo before continuing.
Hardware/Software Requirements
• 49MB disk space to install all components (13MB for Avigo Manager, 26MB for Lotus
Organizer 97, 5MB for IntelliSync, and 5MB for Adobe Acrobat.)
• 8MB RAM
• 486 or higher processor
• CD-ROM drive (floppy disk available for shipping charge)
• Windows95 or WindowsNT
• Serial or Infrared port
• Optional spreadsheet program, such as Microsoft Excelor Lotus 1-2-3
Set up Your Avigo
1. Attach the Avigo dock station
• Remove the Avigo dock station from the package.
• Attach the 9-pin connector to a serial port on your computer.
2. Install the Avigo batteries
• Remove the two (2) AAA batteries from the package.
• Slide open the battery compartment cover on the rear
of the Avigo.
• Insert the two batteries. Arrange the batteries
according to the polarity (+and −) diagram in the
battery compartment.
• Replace the battery compartment cover.
3. Turn on the Avigo
• Push the open/power switch up to open the Avigo
protective lid and power up the unit. Avigo displays
the Setup Touch Pad screen.

Avigo Quick Start Guide 3
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4. Setup the Touch Pad
• Using the Avigo stylus, tap on the Tap here icons as they appear in the upper left
corner, bottom right corner, and center of the screen.
Avigo will display a power on graphic and then a box containing the message
Configure your unit? YES deletes all data and resets memory. NO saves your
data.
• Tap on :. Avigo displays the Setup Date/Time screen.
5. Setup Date/Time
• Tap on the Local City input area. The Avigo displays the City/Location screen.
• Tap on the name of your city (or closest location) and then tap on (to save your
selection.
• Tap on the Date input area. The Avigo displays the Date screen.
• Tap on µto select the current year.
• Tap on µto select the current Month.
• Tap on the current day in the displayed calendar to select the current day.
• Tap on (to save your selections.
• Tap on the Time input area. The Avigo displays the Time screen.
• Tap on åto select the current hour.
• Tap on the minute box then tap on åto select the current minute.
• Tap on the am/pm box and then tap on åto select am or pm. Tap on the (to
save your entry.
• Tap on the Öicon in the lower right corner to continue. Avigo displays the
Setup System screen.
6. Setup System
• Tap on the Power down: ñarrow to select how long Avigo remains powered on
with no user input before it automatically shuts itself off.
• To turn the Alarm sound off, tap on the öcheckbox next to it to clear it.
• To turn the Stylus tone off, tap on the öcheckbox next to it to clear it.
• If you do not want the Power on graphic to show at power on time, tap on Don’t
show.
• Tap on Öto continue. Avigo displays the Setup Formats screen.
7. Setup Formats
• Tap on M/D/Y to select the Month/Day/Year format or D/M/Y to select the
Day/Month/Year format for dates.
• Tap on 12 hr. to select a 12-hour time format or 24 hr. to select a 24-hour time
format. Examples of both are shown on the screen.
• Tap on Period to select the period as the decimal separator or tap on Comma to
select the comma as the decimal separator. Examples of both are shown on the
screen.

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• To select which day you want to use as the first day of the week, tap on Sunday or
Monday.
• Tap on Öto continue. Avigo displays the Setup Power on Message screen.
8. Setup Power on Message
• Use this screen if you want Avigo to display a name and/or message whenever you
turn on the power.
• Tap on the Name input area to enter a name. Avigo displays a keyboard.
• Enter the name you want and then tap on (to save your entry.
• Tap on the Note input area to enter a power on message. The Avigo displays a
keyboard.
• Enter the message you want to display then tap on (to save your entry.
• Tap on to complete the Avigo setup. Avigo displays the Calendar. See the
Avigo User’s Guide for operation details on specific installed applications.
Note: If you want to make changes to any of these settings at a later date, you can
:
1. Tap the apps.
icon to display
the Applications
screen. Then tap
the Setup icon.
2. Tap on an
item to
change its
settings.
Install Your Personal Information Manager
If you intend to use a Personal Information Manager (PIM) not provided on the Avigo CD-
ROM, be sure it is installed before installing other synchronization software such as PUMA
IntelliSync.
Install the Avigo Manager Software
The Avigo CD-ROM contains software necessary to allow PC connectivity with Avigo.
This software includes Avigo Manager, Lotus Organizer 97, PUMA IntelliSync, and
Adobe Acrobat. Texas Instruments recommends installing each of the four programs
unless you have already installed a Personal Information Manager (PIM). If you have
already installed a PIM, you do not need to select Lotus Organizer 97.
• Insert the Avigo CD-ROM into your CD-ROM drive and close the drive door.
• If the install does not automatically start, from Windows95 or WindowsNT, click on
Start, Run, and type x:\setup, where x is the CD-ROM drive designator and then click
OK.

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• Select a component you want to install (Avigo Manager, PUMA IntelliSync
*synchronizer software, Lotus Organizer 97, or Adobe Acrobat), and then follow the
prompts on the setup screens. Select the next component you want to install and
repeat the install process.
Connect Avigo to Your PC
• Set the Avigo dock station on a flat surface near your PC (Figure 1).
• Connect the cable connector to the PC serial port you will use. If necessary, use a 9-
pin-to-25-pin adapter. Make sure that all the connectors are connected securely
(Figure 2).
Figure 1: Dock station Setup Figure 2: Serial Port Connection
• Position the Avigo over the dock station and slide it gently into the dock station. Make
sure the grooves on the right and left sides of Avigo engage the alignment tracks in the
dock station (Figure 3).
Figure 3: Docking the Avigo
• Continue sliding Avigo into the dock station until the electronic pins in the dock
station are engaged fully into Avigo.

6 Avigo Quick Start Guide
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Copying Languages to Avigo from Your PC
You can change the language on Avigo Manager as well as copy the language to your Avigo.
To change the language on Avigo Manager:
• Start Avigo Manager.
• From the Language menu, choose Avigo Manager.
• From the language list, select the language you want to use and click OK.
To copy the language to Avigo:
Note: If Avigo contains any data you want to keep, we recommend you back up the data
before copying a language to Avigo. However, when you restore the data to Avigo after
copying the language, portions of Avigo text will return to the original language. For more
information on backing up your data, see the Avigo Manager Online Help.
• Follow the instructions for connecting Avigo to your PC (in this Quick Start Guide).
• In Avigo Manager, open the Language menu and choose Avigo. The Avigo Language
dialog box opens.
• From the language list, choose the language you want to copy to Avigo and click OK.
Avigo Manager copies the new language to Avigo.
• Set Avigo preferences (steps 3 through 8 in this Quick Start Guide).
• A message will appear: “Configure your unit? YES deletes all data and resets
memory. NO saves your data.”
• Tap :.
Note: You can copy applications, such as the Financial Calculator, from your PC to Avigo.
The PC software controls the copy process. For more information about copying
applications, see the Avigo Manager Online Help.
See the Avigo Manager Online Help for descriptions of the Avigo Manager, Lotus
Organizer 97, IntelliSync, and Adobe Acrobat programs.
Latest Information
Be sure to see the readme.txt file on the CD-ROM for any release-time changes
or additional information. Visit the TI Avigo World Wide Web site at
http://www.ti.com/avigo.

Avigoé
Financial Calculator
User’s Guide
Texas Instruments contributors:
Win Jackson, Robin Hunt-Smith, Dianna Tidwell, Pat Hatcher, Sallie Huffman, Bob Pospick, Brent
Kinard, Norm Davis, Mike Wilson, Doyle Evans, Mike Tiffin, Mark Hogland, Jim Merchant, Charles
Schwope, Toi Beveridge, David Taylor, Randy Hebert, Alton Ryan, Gopher Chen, Andrew Chen,
Michael Chen, Steve Ruzic, Tham Nguyen, Bob Vestal
Other contributors:
Lisa Kanarek, (Tips and Hints)
Gail DeLay (Cartoons)
Avigo is a trademark of Texas Instruments Incorporated.
Copyright © 1997 by Texas Instruments Incorporated.
1

Important
Texas Instruments makes no warranty, either expressed or implied, including but
not limited to any implied warranties of merchantability and fitness for a
particular purpose, regarding any programs or book materials and makes such
materials available solely on an “as-is” basis.
In no event shall Texas Instruments be liable to anyone for special, collateral,
incidental, or consequential damages in connection with or arising out of the
purchase or use of these materials, and the sole and exclusive liability of Texas
Instruments, regardless of the form of action, shall not exceed the purchase price
of this equipment. Moreover, Texas Instruments shall not be liable for any claim of
any kind whatsoever against the use of these materials by any other party.
FCC Information Concerning Radio Frequency Interference
This equipment has been tested and found to comply with the limits for a Class B
digital device, pursuant to Part 15 of the FCC rules. These limits are designed to
provide reasonable protection against harmful interference in a residential
installation. This equipment generates, uses, and can radiate radio frequency energy
and, if not installed and used in accordance with the instructions, may cause
harmful interference with radio communications. However, there is no guarantee
that interference will not occur in a particular installation.
If this equipment does cause harmful interference to radio or television reception,
which can be determined by turning the equipment off and on, you can try to
correct the interference by one or more of the following measures:
¦ Reorient or relocate the receiving antenna.
¦ Increase the separation between the equipment and receiver.
¦ Connect the equipment into an outlet on a circuit different from that to which
the receiver is connected.
¦ Consult the dealer or an experienced radio/television technician for help.
Caution: Any changes or modifications to this equipment not expressly approved
by Texas Instruments may void your authority to operate the equipment.
This digital apparatus does not exceed the Class B limits for radio noise emissions from
digital apparatus set out in the Radio Interference Regulations of the Canadian
Department of Communications.
Le Bruit radioélectrique émis par cet appareil numérique ne dépasse pas les limites de
bruit radioélectrique de classe B, aux termes des Réglements sur l’interférence
radioélectrique du Ministère des Communications du Canada.

Financial Calculator
User’s Guide
Contents Introduction ............................................................... 2
Financial Calculator View ..................................................... 2
The Time Value of Money/Amortization Application................................. 3
Financial-TVM Components............................................. 3
Time Lines .......................................................... 5
Applications......................................................... 5
Using the Financial-TVM Application...................................... 6
Computing an Amortization Schedule..................................... 6
Example: Part 1 ...................................................... 7
Example: Part 2 ...................................................... 8
Example Calculations ........................................................ 9
Computing Future Value ............................................... 9
Computing Retirement Savings ......................................... 10
Computing Retirement Withdrawal...................................... 11

2 Financial Calculator User’s Guide
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12
Introduction
A
vigo’s Financial-TVM application is an easy-to-use tool
that gives you the power you need for today’s financial
applications. Financial-TVM provides standard calculator
capabilities, plus a template with built-in formulas that
solve specific types of problems for you.
To access the Financial-TVM view, be sure you have first
downloaded Financial Calculator from the Avigo CD-ROM.
Install the Financial-TVM application onto your Avigo. For
more information on installing the Financial-TVM
application, refer to the Avigo Manager online help.
Push the open/power button to power on the unit then
tap the calc icon using the attached stylus. Open the
Primary list box óand choose Financial-TVM.
Financial Calculator View
The Financial-TVM application is useful in a wide range of cash flow applications in
which the cash flows are equal, evenly spaced, and either all inflows or all
outflows. You can use it for annuities, loans, mortgages, leases, and savings.
Notice that there are two areas for each variable: the variable name on the left and
an input box area on the right. To enter a known value, tap on the input box area.
Avigo displays a standard calculator. Enter your data then tap on the öicon in
the top right corner of the calculator to enter the data into the variable box.
To compute a value, enter the required variables, then tap on the variable name
you want calculated on the left side of the screen.
Future Value
Payment
Present Value
Interest Rate per Year
Number of Periods
C- used to clear
first and second
screens
ç- used to access
p
revious/next screens
Primary list box Nused to
switch between Standard,
Cost-Sell-Margin, Date,
and Financial calculators

Financial Calculator User’s Guide 3
The Time Value of Money/Amortization Application
The Time Value of Money/Amortization (TVM) application consists of three screens:
Label Meaning Type of Variable
Top
Screen
…
„
†
‡
ˆ
Future value
Payment
Present value
Interest rate per year
Number of payment periods
Entered or Computed
Entered or Computed
Entered or Computed
Entered or Computed
Entered or Computed
Second
Screen Starting payment
Ending payment



Starting payment
Ending payment
Balance
Principal paid
Interest paid
Entered
Entered
Computed
Computed
Computed
Third
Screen
Œ
‹
Payments/year
Compounds/year
‰
Š
Decimal place
A
nnual percentage rate
A
nnual effective rate
Number of payments per year
Number of compounds per year
Beginning-of-period payments
End-of-period payments
Number of decimal places
Setting
Setting
Entered
Entered
Setting
Setting
Setting
Financial-TVM Components
On the first screen you must enter at least three variables to solve for the other
unknowns. Use the first screen to determine a Future Value, a Payment Amount,
or the Number of Payments.
• Enter †, …, and „as negative if outflows, positive if inflows.
• Enter ‡as the annual interest rate. The TVM worksheet automatically
divides Interest per Year by the Number of Compounding Periods per Year.
• Many TVM calculations involve only three of the five variables. When solving
such a calculation, make sure the unused variables are set to zero.
• Con the first screen resets all fields to zero, and Ending payment and
Starting payment to 1.
The second screen lets you determine the Balance, Principal paid, or Interest paid
based on the Starting and Ending payments as well as the data entered on the first
screen.
Con the second screen sets Starting payment to 1, Ending payment to 1, and all
other fields on the second screen to zero.

4 Financial Calculator User’s Guide
When solving for , , and , Avigo uses the payment rounded
to the number of decimal places specified by the display format you selected on
the third screen. If the decimal format is set to two places, the results on the
second screen reflect payments made to the penny.
When solving for …, however, the calculator uses the unrounded value for
„. Thus, a computed value for after a specified number of payments
may be slightly different than a computed value for …after the same number
of payments.
On the third screen you tell the Financial-TVM how you want the calculations to be
computed. The TVM lets you specify whether the interest per year (‡) is an
annual percentage rate (Œ) or an annual effective rate (‹). The method you
select depends on the transaction.
• If you select ‹, it is assumed that the number of compounding periods per
year is 1 regardless of the number of payments per year.
• If you select Œ, it is assumed that the number of compounding periods per
year is equal to the number of payments per year. However, when you select
Œ, you can tap on the Compounds/year input field and set the number of
compounds per year to whatever number you want, up to a maximum of 366
Payments/year and Compounds/year.
You must also indicate if you want the calculation based on payments made at the
beginning (‰) or at the end (Š) of the period.
• The ‰and Šoptions of the TVM application let you specify whether the
transaction is an ordinary annuity or an annuity due.
• In ordinary annuities, the payments occur at the end of each payment period.
Most loans, including mortgages, are in this category. For ordinary annuities,
select the Šoption.
• In annuities due, payments occur at the beginning of each payment period.
Most leases are in this category. For annuities due, select the ‰option.
• Use the Decimal place field to indicate how many decimal places you want to
use in the calculation and display in the results.
• Çon the third screen sets Interest conversion to Œ, Payments/year to 12,
Compounds/year to 12, Payment made at to Š, and Decimal place to 2.

Financial Calculator User’s Guide 5
Time Lines
Some financial calculators treat both inflows and outflows as positive numbers.
The Financial Calculator, however, follows the established convention of treating
inflows as positive and outflows as negative.
• The calculator displays computed inflows as positive numbers and computed
outflows as negative.
• You must enter inflows as positive numbers and outflows as negative.
The following time line illustrates this convention.
Applications
You can use the TVM application for many annuities (cash-flow problems in which
the cash flows are even). Some examples of common applications are as follows:
Investments with regular deposits:
Loans and mortgages with or without a balloon payment:
Time
Future Value
Enter inflows as positive
Initial Deposit
Enter outflows as negative
Deposit
Loan Amt
23,000
Deposit
-15,000
Balloon Pmt
Deposit
-400
Pmt 1
Deposit
-400
Pmt 2
Loan Amt
-400
Pmt 34
Balloon Pmt
-400
Pmt 35
Pmt Pmt Pmt Pmt

6 Financial Calculator User’s Guide
Leases:
Lump-sum Investments:
Using the Financial-TVM Application
To use the Financial-TVM application:
1. If necessary, tap on Cto clear the top screen.
2. Review the third screen and, if necessary, change the settings to those you
need.
3. Move to the top screen and enter at least three known values. For example,
you might enter values for †, ‡, and ˆ.
4. Compute the unknown variable by tapping its on-screen name.
The calculator displays and highlights the computed value.
Computing an Amortization Schedule
Remember that calculations on the second screen depend on the values entered
on the first screen. If you want amortization data for a range of payments:
1. Move to the second screen.
2. Specify the range of payments by entering values for Starting payment (the
first payment in the range) and Ending payment (the last payment in the range).
3. Press , , or .
The calculator displays the Balance, the Principal, and the Interest paid over the
specified range.
4. To generate a complete amortization schedule, press , , or
repeatedly.
The calculator increments both Starting payment and Ending payment to
represent the next range of payments and computes Balance, Principal, and
Interest for that range.
Initial Deposit
Future Value
Interest
Pmt Interest Pmt Interest Pmt Interest Pmt
Initial Market Value
Ending Market Value
PmtPmtPmtPmtPmt

Financial Calculator User’s Guide 7
Example: Part 1
Using the TVM application, determine the monthly payment you would make for a
30-year mortgage with a loan amount of $120,000 and an annual percentage rate of
9.125%.
Note: Remember to check the settings on the third screen. Pressing Çchanges
only the settings on this screen. In this example, select Œand Š, set
Payments/year equal to 12, Compounds/year to 12, and Decimal place to 2.
Procedure Keystrokes Display
Select the TVM application. Tap the Primary list box
then select Financial-TVM. Screen one of the Financial-
TVM
Clear the input fields. C
A
ll zeros
Display the input calculator
to enter the loan amount.
Tap the †input box. Standard calculator
Enter the loan amount. 120000 ö†120,000.00
Display the input calculator
to enter the interest rate.
Tap the ‡input box. Standard calculator
Enter the interest rate. 9.125 ö‡9.13
Display the input calculator
to enter the number of
p
ayments.
Tap the ˆinput box. Standard calculator
Enter the number of
p
ayments.
360 ö
(or 12 X 30 = ö)
ˆ360.00
Compute the payment. Tap „.„-976.36
The computed monthly payment is $976.36. Because PMT is an outflow, it is
displayed as a negative number.

8 Financial Calculator User’s Guide
Example: Part 2
Using the data you entered in Part 1, generate an amortization schedule for the
first three years of the loan. Assuming that the payments begin in the fourth
month of the fiscal year, there are 9 payment periods in the first year and 12
payment periods thereafter.
Procedure Keystrokes Display
Move to the second screen. ñSecond screen
Display the calculator to
enter the new ending
p
eriod.
Tap on the Ending payment
input box.
Standard calculator
Change the ending period
to 9.
9 öEnding payment: 9
Compute the first year
amortization data.
Tap on (or 
or ). 119,407.46
592.54
-8,194.70
Change the payment range
to 10 through 21.
Tap on the Starting payment
input box, 10, ö, Ending
payment input box, 21, ö.
Starting payment: 10
Ending payment: 21
Compute the second year
amortization data.
Tap on (or 
or ). 118,551.85
-855.61
-10,860.71
Change the payment range
to 22 through 33.
Tap on the Starting payment
input box, 22, ö, Ending
payment input box, 33, ö.
Starting payment: 22
Ending payment: 33
Compute the second year
amortization data.
Tap on (or 
or ). 117,614.86
-936.99
-10,779.33
Note that the principal and interest are displayed as negative because they are
outflows.
To continue re-calculating the next year’s (or period’s) data, simply click on
, , or repeatedly.

Financial Calculator User’s Guide 9
Example Calculations
The following three examples illustrate the procedures and keystrokes involved in
producing three simple calculations.
Computing Future Value
A person has a savings account that earns 8% interest per year and is compounded
monthly. At the beginning of January 1997, the account contained $100.00. The
person deposits $50 into the account at the beginning of every month. How much
money will be in the account at the end of March, 1999?
Procedure Keystrokes Display
Move to the third screen. ñThird screen
Select Annual Percentage
Rate.
Tap on Œor accept
the default.
A
PR is selected
Select 12 payments per
year.
Tap on 12 or accept the
default of 12.
Payments/year: 12
Select 12 compoundings
p
er year.
Tap on 12 or accept the
default of 12.
Compounds/year: 12
Select payments to be
made at the End.
Tap on Šor accept
the default.
Payments made at: End
Select two decimal places. Tap on 2 or accept the
default of 2.Decimal place: 2
Return to the first screen. Tap on Ñtwice. First screen
Enter a payment of $50. Tap on the „input
area then tap on -50,ö.„-50
Enter a present value of
$100.
Tap on the †input
area then tap on -100,ö.†-100
Enter an interest per year
of 8%.
Tap on the ‡input
area then tap on 8, ö.‡8.00
Enter the number of
p
ayments. (January 1997
to March 1999 = 27 months)
Tap on the ˆinput
area then tap on 27,ö.ˆ27
Solve for Future Value. Tap on ….…1593.42
Remember that negative numbers, as used in the Financial Calculator, indicate the
outflow of money and positive numbers indicate inflow. Therefore, this person
will have an accumulated value of $1593.42 in the 27-month period. Now, let’s look
at someone who wants to save for retirement.

10 Financial Calculator User’s Guide
Computing Retirement Savings
Jo is 25 years of age and wants to retire at the age of 55. In order for Jo to save
$750,000 for retirement, how much should Jo save per month? (Assume a 6.25%
savings account interest rate.)
Procedure Keystrokes Display
Move to the third screen. ñThird screen
Select Annual Percentage
Rate.
Tap on Œor accept
the default.
A
PR is selected
Select 12 payments per
year.
Tap on the Payments/year
input box and tap on 12, ö
or accept the default of 12.
Payments/year: 12
Select 12 compoundings
p
er year.
Tap on the Compounds/
year input box and tap on
12, öor accept the default
of 12.
Compounds/year: 12
Select payments to be
made at the End.
Tap on Šor accept
the default.
Payments made at: End
Select two decimal places. Tap on 2 or accept the
default of 2.Decimal place: 2
Return to the first screen. Tap on Ñtwice. First screen
Enter a future value of
$750,000.
Tap on the …input
box and tap on 750000, ö.…750,000.00
Leave „and †set
to zero.
„0.00
†0.00
Enter the 6.25% interest
rate per year.
Tap on the ‡input
box and tap on 6.25, ö.‡6.25
Enter the total number of
p
ayments required.
((55-25)*12)
Tap on the ˆinput
box and tap on 360, ö.ˆ360.00
Solve for Payment. Tap on „.„711.63
As you can see, in order for Jo to retire at the age of 55 with the anticipated sum
of money, Jo will have to save $711.63 per month for 30 years. Finally, let’s look
at someone with the exact opposite problem; how to spend it all.

Financial Calculator User’s Guide 11
Computing Retirement Withdrawal
Chris has just retired at age 66. Based on family history, Chris expects to live until
age 93. Chris has $1.3 million in the bank earring 5.5% interest. In order to leave no
money in the bank, how much should Chris withdraw from the bank per month?
Procedure Keystrokes Display
Move to the third screen. ñThird screen
Select Annual Percentage
Rate.
Tap on Œor accept
the default.
A
PR is selected
Select 12 payments per
year.
Tap on 12 or accept the
default of 12.
Payments/year: 12
Select 12 compoundings
p
er year.
Tap on the Compounds/
year input box and tap on
12, öor accept the default
of 12.
Compounds/year: 12
Select payments to be
made at the End.
Tap on Šor accept
the default.
Payments made at: End
Select two decimal places. Tap on 2or accept the
default of 2.
Decimal place: 2
Return to the first screen. Tap on Ñtwice. First screen
Enter a future value of
zero.
Tap on the …input
box and tap on 0, ö.…0.00
Leave „set to zero. „0.00
Enter the present value of
$1,300,000.00.
Tap on the †input box
and tap on 1300000, ö.†1,300,000.00
Enter the 5.5% interest rate
p
er year.
Tap on the ‡input
box and tap on 5.5, ö.‡5.5
Enter the total number of
p
ayments required.
((93-66)*12).
Tap on the ˆinput
box and tap on 324, ö.ˆ324.00
Solve for Payment. Tap on „.„-7,710.78
Based on your calculation, Chris is going to be busy spending $7,710.78 per month
for the next 27 years!