208
CHAPTER 8
1.
¬
2.
Ï
B
0
9
1
,
60
)
®
3.
Ï
B
0
9
61
,
120
)
®
As it can be seen, the payments dominating the principal
sum are greater for years 6 to10 when compared to the first through the fifth years
(negative indicates payment).
[10
Σ
Int (]
:
Calculates the sum of interest dominating the payment sum.
Input method:
Σ
Int (Initial number of payments, end number of payments, displayed
number of decimals).
The displayed number of decimals is optional.
<Example 10>
We will compare the sum of the interest dominating the payment sum after 5 years and
10 years, as with example 9.
1.
¬
2.
Ï
FINANCE
B
1
0
1
,
60
)
®
3.
Ï
FINANCE
B
1
0
61
,
120
)
®
*
Calculations cannot be executed for [08 Bal(], [09
Σ
Prn(] and [10
Σ
Int(] if the known variables of
example 1 are not entered.
(for execution of calculation, numerical values must be entered to I%, PV and PMT)
[11
→
Apr
(] :
Converts effective interest rate to nominal interest rate.
Input method:
→
Apr (effective interest rate, number of settlements)
<Example 11>
How much is the nominal interest rate for the quarterly compound interest (every three
months) when the effective interest rate is 12.55%? What
would the nominal interest rate be when monthly com-
pound interest rate is 10.5%? (TAB setting is 2).
1.
¬
2.
Ï
FINANCE
B
1
1
12.55
,
4
)
®
Ans: The nominal interest rate is 12.00%
3.
Ï
FINANCE
B
1
1
10.5
,
12
)
®
Ans: The nominal interest rate is 10.03%
,
,
,
,
EL-9650-(08)EN (197-210)
8/1/00, 9:09 AM
208
Summary of Contents for EL-9650
Page 10: ...viii ...
Page 46: ...36 CHAPTER 1 ...
Page 230: ...220 CHAPTER 9 ...
Page 268: ...258 CHAPTER 12 ...
Page 349: ...339 APPENDIX When coordinate system is Rect param or polar ...
Page 350: ...340 APPENDIX When coordinate system is Seq F STYLE2 E STYLE1 ...
Page 352: ...342 APPENDIX ...
Page 353: ...343 APPENDIX on Program screen ...
Page 354: ...344 APPENDIX ...
Page 355: ...345 APPENDIX ...
Page 356: ...346 APPENDIX ...
Page 357: ...347 APPENDIX ...
Page 358: ...348 APPENDIX ...