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
Š
options 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
Š
option.
•
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.
•
Ç
on 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.
Summary of Contents for Avigo
Page 1: ...Avigo Quick Start Guide Avigo Financial Calculator User s Guide Avigo User s Guide...
Page 28: ...Introducing Avigo 1...
Page 31: ...Setting Up Your Avigo 1...
Page 46: ...Quick Start Short Cuts 2...
Page 61: ...Planning Your Day 3...
Page 65: ...Events To Remember 4...
Page 73: ...Taming Your To Do List 5...
Page 79: ...Keeping In Contact 6...
Page 86: ...Organizing Your Data 7...
Page 92: ...Turning Your Memos Into Action 8...
Page 98: ...Facts Figures and Finances Tracking Your Expenses 9...
Page 104: ...Making Your Sketches Paint A Thousand Words 10...
Page 109: ...Making Everything Add Up 11...
Page 116: ...Additional Features 12...
