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Canon FN-600 User's Manual

1. Calculator busy message During busy calculation the calculator display will show the lt PROCESSING gt message Overflow function In the following case when E is display the keyboard is electronically locked and further operation is impossible Pressing or to clear the overflow The overflow function occur when 1 The result or the memory content exceeds 12 digits to the left of the decimal point 2 Dividing by O 3 Financial input value over the range 4 Financial output value over the range 10 ENGLISH BASIC CALCULATION A Examples you can operate in General Calculation mode or financial mode input page CALCULATION OPERATION DISPLAY VY Mixed da 140 35 22 127 1408938226 2x2 3 6 22 3B 7x9 63 7098 8 24 4 3x8 1 16 2 208 8 85 B 8 Vv Percentage 1200x12 100 144 1200 12 1200x15 100 180 15 1200 1200x20 1 440 1200 EB 20 1200 1200x20 960 1200 8 20 YV Memory 3x4 12 304 6 0 2 30 68 B 2 vz 18 eM 200 200 182 BM Recall memory Clear memory W Tax only available in general calculation mode Tax Rate Set en Tax Rate 5 5 ON Recall Tax Rate Add the Tax Amount Price 2 000 without tax Selling price with tax 2 100 Tax amount 100 Deduct Tax Amount Selling price 3 150 with tax Price without tax 3 000 Tax amount 150 Error are cumulative and may become large in the case of consecutive calculations ENGLISH 1 FINANCIAL CALCU
2. Number of month s in savings period Pressing W or key to select the item to be calculated then pressing or to confirm and start calculation 16 ENGLISH Example 1 You deposit 20 000 into Certificate of Deposit account that pays 5 0 annual interest compounded monthly C Y 12 how much will you have after 3 years 36 MTHS x 1 Enter CD mode and display 1st calculation item CD AMT Amount at maturity 2 Confirm the item AMT to be calculated and enter the present value at the beginning of time INPUT or 20000 3 Confirm PV and enter the valve of compound interest CD 1 rate 5 INPUT 5 4 Contirm I is 5 and enter the number of months in CD MTHS the savings period INPUT 36 5 Display the Amount at maturity CD AMT input or 23 229 4446267 6 Display the interest amount CD INT INPUT or 3 229 4446267 lt gt de D A v 7 Store All input amp result into deposit memory A CD PV Cie Era A 20 000 gt Answer You will receive 23 229 4446267 after 3 years Example 2 How much money you must deposit if you want to receive 30 000 after 2 years 24 MTHS 4 7 annual interest rate and compounded monthly C Y 12 1 Enter CD mode and select BA PV Present Value CD PV Deposit a o A 2 Confirm B to calculate PV and then enter Interest CD 1 rate 4 7 47 gt 407 3 Confirm I and enter the duration 24 months CD MTHS 24 24
3. 116 116 gt 3 Input TTB at the end of time cupe TTB 120 120 4 Input the PV initial savings amount Sunse PV 1 00 00 00 1 000 000 gt 5 sd cuRR SAVE 1 36 sP 6 Day mode number of days per year 360 or 365 curr save Day Mode 365 965 4 7 Input the savings period number of days cuRR save DAYS 60 60 8 Confirm the input and display the Amount at maturity ciare ANTS or 1 040 604 62919 lt gt 9 Display the Break even point value c nnsave Break Even or INEUT 115 31757272 10 Store All input amp result into deposit memory C cunaewe ATTS 116 gt ENGLISH 19 Answer You will have 1 040 604 62919 after 60 days And the break even point will be at 115 31757272 TTB Simple interest Savings Calculation SIMP INT 1 Simple interest calculation lets you calculate the interest amount and amount at maturity 2 Simply press enter simple interest savings mode display options by 4 or key then press or to confirm one of the following items that you would like to be calculated HAMT Amount at maturity PV Present value 1 Interest rate DAYS Number of days in savings period Example 1 You deposit 200 000 into savings account for 365 days The annual interest rate the bank given is 0 2 How much will you have after 365 days use 365 day mode 1 Enter simple interest savings mode a AMT ON CURR CURR A a 2 Select the Amount at maturity cal
4. Down Left Right Direction xa Low battery indicator page 42 M Independent Memory page 11 E Error page 10 6 6 8 6 Basic calculation command sign page 11 ENGLISH 3 TO GET START L Power ON OFF m First time operation 1 Pull out the battery insulation sheet then the battery will be loaded and the calculator can be powered on 2 Press the RESET button at the back of the calculator by the tip of ball pen or a sharp object to initialize the calculator Power ON When Power On Clear All is pressed Power OFF When is pressed NM Auto Power Off function When the calculator is not used for approximate 7 minutes the calculator will automatically power off Display Contrast Adjustment Press setur the following display will be shown for LCD contrast adjustment CONTRAST EEN Pressing id to make the Display contrast darken Pressing z to make the Display contrast lighten Pressing a to confirm and clear the screen Pressing PRESET to initialize the LCD contrast Date and Clock Display E To dar me date or clock Press A EC To view the date and weekday Press DAM binary To select the date format between YYYY MM DD Default or DD MM YYYY or MM DD YYYY TODAY TUE 2008 01 01 tse Press CA E Z To show the clock Press 24 To aa the clock format between 12 hour HR or 24 hour HR 12 hour format al ENGLISH E Date and Clock Setting
5. Press and then press for 5 times to Date setting screen TODAY YMD o 2008 01 01 The most left digit is flashing to guide you input the date of today Press or to confirm the date and go to Clock setting screen x GLOCK AMe o 12 00 The most left digit is flashing to let you input the time use a or key to select the AM or PM in 12 hour mode Press or to confirm clock amp exit set up menu You cannot change the date display format or clock display format by using P M Y or 12 28 when you are setting the date or clock Set up menu Press Enter the set up menu Press or Confirm the set up and go to the next set up item After confirmed at the final set up page you will exit set up menu Go to previous set up item Break the operation and exit the set up menu instantly Page in lt Associated Input Range Default value sequence function gt CONTRAST LCD contrast 1 to 16 level 8 level Using to adjust lt All gt the contrast level 0 I PERIOD 1 Initial Interest Rate Period The period of initial Press 9 Press Items Item name lt Loan Amortization Advance Payment Refinancing gt 12412 CN Number of compounding in a year lt Certificate of deposit Goal savings gt Partial PER Partial Period lt Amortization Advance Payment Refinancing gt YR gt 1 Payment period TERM gt 2 lt Amortization Aavance Payme
6. 1 Calculate EFF of Bank A Answer Effective interest rate is 6 16778188645 1 Enter Interest rate conversion mode EFF 7 gt 2 Confirm to calculate Effective Interest Rate and input NOM the nominal rate 5 6 2 3 Input the number of Compounding N 1 2 1 2 lt gt 4 Display the effective interest rate EFF 6 16778118645 lt gt Step 2 Calculate EFF of Bank B Answer Effective interest rate is 6 14150625 1 IJ EFF v gt 2 6 05 NOM 6 05 gt 3 The interest Compounding twice a year N 2 EFF 6 14150625 lt gt N A v Conclusion Bank A offers higher interest rate than Bank B 38 ENGLISH Date amp Days calculation e You can calculate the number of days between two different dates using 360 day mode or 365 day mode Also you can calculate the date in the past or future by adding or subtracting days from a date Simply press ES ES to enter the Date amp Days calculation mode display options by pressing or W key DAYS calculate number of days between two start and end dates DATE1 To find the date 1 start day by inputting days to date 2 DATE2 To find the date 2 end date by inputting days to date 1 then press or to confirm one of the above items to be calculated In Days calculation mode a You can select 360 or 365 day mode 360 There are 360 days in a year and each month has 30 days 365 Using the calendar number of days for the corresponding month and year Leap ye
7. 2 5 sr 5 Interest rate of the 11 year after is 3 8 EE 1542 Te Jesi 6 Input the number of months for the loan payment LOAN 2ste MTHS 360 360 lt gt 7 Confirm the input amp display monthly payment of initial toi cores PMTE 10 VEAR 10 year 11 063 3851669 lt gt When you continuous to press or key it show the PMT 11 Monthly payment from 11th year TTL PMT Total payment amount TTL INT Total interest amount Answer Your monthly payment for the initial 10 year is 11 063 3851669 ENGLISH 25 Loan interest only 1 Press to enter the Loan interest only calculation mode 2 The subdivision menu will be shown select one of the followings by pressing W or key and confirm the item to be calculated by pressing or key PMT Monthly payment Loan AMT Loan amount 1 Interest rate MTHS Number of payment month s in loan period Example 1 To loan 8 000 000 for 30 years 360 months the bank offers you 2 3 4 8 9 2 5 annual interest rate and you select the loan interest only repayment method with 12 months interest only period How much will be the interest only payment and the monthly payment after the interest only period And what is the total payment amount Enter loan interest only mode amp display subdivisions ON Confirm ifto calculate monthly payment and enter Loan amount INPUT 8 00 00 00 INPUT 2 E 5 360 Input the interest only period eum 1
8. 4 Confirm MTHS and enter the amount at maturity CD AMT EE 30 000 lt gt 3 00 00 5 Display the PV Deposit value CD PV or 27 313 4972764 lt gt 6 Store All input CD PV 27 313 4972764 gt Answer You need to deposit 27 313 4972764 at the beginning of savings time ENGLISH 1 Goal Savings Calculation om 1 Goal savings GOAL SAVE is a monthly savings aim at achieving a savings goal 2 To calculate one of the following items variable in Goal savings calculation mode HAMT Amount at maturity PMT Monthly installment savings 1 Interest rate EIMTHS Number of month s in savings period Pressing W or key to select the item to be calculated then pressing or 6 to confirm and start calculation 3 The monthly installment savings of Goal savings calculation should be made at the beginning of each payment month Example 1 You invest 500 at the beginning of each month in your savings plan what will the account balance be after 2 years if the annual interest of 0 5 compounded monthly C Y 12 1 Enter Goal savings mode coa save RRAMT 7 gt 2 Confirm to calculate Amount at maturity and enter the PMT monthly payment US 500 GOAL SAVE 7 500 500 3 Confirm the PMT value enter compound interest rate 0 5 INPUT os oa 4 Enter the number of months in the savings period coaL save MTHS 24 ae GOALSAVE 1 5 Confirm MTHS and display the Amount at m
9. and press the Reset button to initialize the calculator fig 4 ok OND CAUTION Risk of explosion if battery is replaced by an incorrect type Dispose of used batteries according to the instruction E Electromagnetic interference or electrostatic discharge may cause the display to malfunction or the contents of the memory to be lost or altered Should this occur use the tip of a ball point pen or similar sharp object to press the RESET button at the back of the calculator After resetting be sure to set the clock calendar and tax rate again SPECIFICATIONS Power Supply a single lithium battery CR2032 x 1 Power Consumption 0 003W Battery life Approximate 2 years Based on 1 hour operation per day Auto power off Approx 7 minutes Usable Temperature 0 40 C 32F 104F Size 77 6 L x 105 W x 13 8 H mm Close 105 L x 150 W x 9 6 H mm Open 3 1 16 L x 4 9 64 W x 5 32 H Close 4 9 64 L x 5 29 32 W x 3 8 H Open Weight 89g 3 14 oz Battery included Specifications are subject to change without notice FOR USA PRECAUTIONS Included battery contains perchlorate material special handling may apply See http www dtsc ca gov hazardouswaste perchlorate for detail 42 ENGLISH Canon CANON ELECTRONIC BUSINESS MACHINES H K CO LTD 17 F Ever Gain Plaza Tower One 82 100 Container Port Road Kwai Chung New Territories Hong Kong CANON U S A
10. o E Number of days DATE1 7 8 9 ENGLISH 15 Savings Deposit calculation 1 FN 600 provides you four 4 types of savings calculation that assist you to calculate the principle accumulated savings amount interest or duration of a savings deposit activity Certificate of Deposit CD Goal savings GOAL SAVE Currency savings CURR SAVE Simple interest savings SIMP INT SAVE 2 The Certificate of Deposit CD calculation and Goal savings GOAL SAVE calculation are using compound interest calculation you can select the number of compounding in a year in the set up menu Ref page 5 Annual gt 1 Semi annual gt 2 Quarter gt 4 Monthly gt 12 3 When calculating in Currency savings CURR SAVE or Simple interest savings SIMP INT SAVE you need to select the number of days 360 or 365 per year for calculation in the Day mode input page simply key in 360 or 365 and press or to confirm Different country have different day mode setting you can refer the following information 365 days Japan England Hong Kong 360 days USA Certificate of Deposit Calculation 1 Certificate of Deposit CD is a type of savings account that makes a fixed sum of money to gain an interest in a fixed period of time 2 You can calculate one of the CD items variables after entering CD calculation mode by pressing A HAMT Amount at maturity PV Present value 1 Interest rate MTHS
11. 00 monthly 0 5 24mths CURRENCY SAVE 1 000 000 3 6 60days D SIMPINTSAVE 200 000 0 2 865days For the Currency savings TTS 116 TTB 120 Day mode 365 days For the Certificate of Deposit amp Goal savings C Y 12 For the Simple interest savings Day mode 365 days 22 ENGLISH 1 Calculate the total PV and AMT and display total PV TTL PV 1 232 000 gt 2 To show the total AMT TTL AMT or 1 276 296 77393 lt gt Answer The total present value is 1 232 000 and the total amount at maturity is 1 276 296 77393 Example 4 Delete the deposit memory A You can only delete deposit memory in general calculation mode 1 Delete deposit memory A DEL MEM 2 back to general calculation mode in few seconds No memory message will be pop up to show when no memory data in the deposit memory Loan calculation 1 There are two types of Loan calculation this calculator can perform Loan Even Payment igs The sum of interest and principle to be paid monthly is same evenly distributed Loan Interest Only amp Pay interest only in fixed term at the beginning period of loan payment After the interest only payment period borrower has to pay the remaining principal balance over the remaining period 2 In Loan Even Payment HAN calculation there are two types of interest payment Fix interest rate FIX gt 1 The interest rate and monthly payment is fixed throughout the
12. 2 Display the calculated interest only payment INPUT Display the monthly payment after interest only period G Display the total payment amount G Display the total interest amount amp nony PMT v gt ER Loan AMT 8 000 000 gt REORG 1 25 wronty MTHS 360 lt gt NEONY MTHS INT 12 LOAN INT ONLY PMT INT 16 666 6666667 LOAN PMT INT ONLY 32 342 9887824 lt gt LOAN TTL PMT INT ONLY 11 455 360 0963 lt gt LOAN TTL INT INT ONLY 3 455 360 09626 lt gt Answer The interest only payment is 16 666 6666667 the monthly payment after interest only period is 32 342 9887824 and the total payment amount is 11 455 260 09626 ENGLISH Amortization calculation Fix interest rate 1 Amortization calculation lets you estimate the monthly periodic loan repayment and shows you the payment portion of the principal and interest You can obtain the calculated items including a Monthly payment b c Principal part Interest part Remaining balance of all payments Including current month Total payment amount Total Interest amount Current month settled payment Ja EN a mees d r 1 3 4 5 678 91011 12 Month lt ce ER HO OO OD 2 The principal amp interest amount in each monthly payment varies throughout the term of the amortization Figure 1 you need to define a particular moment for calculation Target payment date date for cal
13. 42 savings PMT AMT Old PMT New PMT 11 853 11 853 10 797 PMT a OI PM After AdvPMT INT part PRN part 1 A M A PMT 1 MTH Nth PMT End PMT PMT 1 MTH Nth PMT End PMT 1st term 120th term 360th term 1st term 120th term 360th term a The planned maximum advance payment amount to be paid PLN AdvPMT 200 000 b The interest amount saved INT SAV 54 596 c New monthly payment after advancing PMT NEW 10 797 d e Monthly payment amount saved PMT SAV 1 056 34 ENGLISH Refinancing Example On Nov 2008 you had made a loan 3 000 000 for 30 years the bank offers you 2 5 annual interest Fix interest rate 10 year after Nov 2018 this loan remains the outstanding principal 2 236 943 24383 In order to reduce total payment amount you would like to consider refinancing it by a new loan New loan amount 2 240 000 e New loan interest rate 2 0 annual rate Fix interest rate e New loan duration 20 years The administration charge 3 000 How much can you benefit from the new loan against the outstanding principal Reminder Select the Date Input Mode YR gt 1 in the set up menu before start calculation Ref P 5 1 2 6 7 8 9 10 11 Start from existing loan calculation apv put FIX gt 1 2SP gt 2 ON 7 CA eee 1 Select 3 to calculate the refinancing RE FIN RE FIN INPUT A lt v Inp
14. 46 749 839251 ADV EIT BALINE n INPUT 2 090 193 40458 Answer The loan 3 000 000 for 30 years from Nov 2008 with 2 5 annual interest Fix interest rate if there will be advance payment on Nov 2018 Impact Part A Part B Scenario No of payment terms can be 27 20 shorten Actual advanced payment 199 572 466169 146 749 839251 amount Interest amount savings 120 475 461874 90 322 7000396 Loan balance 2 037 370 77766 2 090 193 40458 32 ENGLISH Monthly Payment Monthly Payment Amount Amount _ i INT part v 1 E I I si o l PRN part e i a I 2 i After AdvPMT i 0 a Pia EEN A rit L d S a ee NE DN PMT 1 MTH CAL on End PMT PMT 1 MTH CAL on New End PMT Nov 2008 Nov 2018 Nov 2038 Nov 2008 Nov 2018 End PMT Nov 2038 Sep 2036 a Actual Advancing payment the bank receive AdvPMT 199 572 b The Interest amount saved INT SAV 120 475 c Period shorten N 27terms Advance Payment Payment Savings Example 1 On Nov 2008 you had made a loan 3 000 000 for 30 years the bank offers you 2 5 annual interest Fix interest rate And you have a good news that on the 120th payment you will receive 200 000 which can be used as an advance payment of the loan Then you want to know after you paid the advance payment on the 120th payment What is the new monthly payment amount e How much will be the monthly payment savings The interest amoun
15. Canon FN 600 INSTRUCTIONS IMPORTANT INFORMATION All examples and expressions in this manual are solely on an as is basis and are subject to change without notice We make no express or implied guarantees of this manual content accuracy or regarding the accuracy of the calculation results including financial calculation simulations being produced by this calculator or it s appropriateness for any commercial purpose or other particular purpose We shall not 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 Besides we shall not be liable for any claim of any kind whatsoever against the use of these materials by any other party ADVICE AND HANDLING PRECAUTIONS This calculator contains precision components such as LSI chips and should not be used in place subject to rapid variations in temperature excessive humidity dirt or dust or exposed to direct sunlight Never drop twist bend or subject the calculator under force or strong impact Stored data can be affected When cleaning the device do not use a damp cloth or volatile liquid such as paint thinner Instead use only a soft dry cloth Do not under any circumstances dismantle this device If you believe that the calculator is not functioning properly either bring or mail the device together with the guarantee to the service representative of C
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17. LATION J Operating in financial calculation In any of the financial calculation mode press following keys can execute associated actions or 6 Confirm the display input or selection and go to the next page gt Go to previous page t7 or Go to upper or lower subdivision option page Clear input entry in input page or exit financial calculation mode in subdivision or output page Break the operation and exit instantly Machine will keep all input which had been confirmed before you press key Calculation Other options available in upper and lower page Item Subdivizi a ivisions number MTH S Press or to confirm selection Guiding i message Financial 8 Request you to input calculation CURR SAVE PV the value of this j gt Questioning Li Input 1 23 4 56 7 89 ie calculation You can perform basic calculation page Name of Page s before and after current display It Result neat Showing the result s Output ed i P MT gt of that selected 0 0 0 0 0 financial calculation J item In the financial calculation input stage You can perform basic calculation B 8 8 8 and except TAX calculation Press amp to get the basic calculation result before you press or to confirm the value of financial calculation variable 12 ENGLISH Mode selection LOAN LOAN LOAN ADV PMT E PMT AMORT RE FIN m SAVINGS CURR CURR curr c
18. RE FIN DIFF Cost 122 241 66229 lt gt Answer You can save 122 241 66229 total payment amount if you refinance outstanding principal with the new loan II Monthly Payment Amount Refinancing PMT 1 CAL on End PMT Nov 2008 Nov 2018 Nov 2038 Monthly Payment TL PMT NEW EE ea PMT 1 CAL on End PMT Nov 2008 Nov 2018 Nov 2038 x PMT REM Total payment amount from 2018 11 till maturity 2 844 870 TL PMT NEW NEW loan s total payment amount 2 719 628 x PMT DIFF the difference between New and Old loan s total payment amount 125 241 36 ENGLISH Currency conversion calculation e You can perform currency exchange calculations or calculate the exchange rate between two currencies Press will enter the currency conversion function mode Press or 4 key to display the sub division menu FOR CURR foreign currency EX RATE exchange rate base on local currency to foreign currency LOC CURR local currency confirm the item to be calculated by pressing or key Example 1 How much Japanese YEN Foreign currency you can receive if you have US 3 000 Local currency and the exchange rate is 1 USD 117 YEN Answer 351 000 YEN 1 FOR CURR v gt 2 Confirm to calculate foreign currency Input local LOC CURR currency amount i 5 3 000 3 000 3 Input the exchange rate to foreign currency EX RATE id 117 4 Display the exch
19. al PER Scenario 3 15 payment period is 35 Days Partial Period 35 Loan Contract date 15 payment date 2 d payment date I One Month 30days 5 days One Month 30days 35 days Partial PER When Partial Period value is set except Zero the calculator will use simple interest rate to calculate the 158 payment amount The maximum days to be set for the partial period calculation are 62 days Precaution Actual payment date of each payment might be different when the number of days in the month that is not 30 days You have to adjust your result if the amortization loan contract is not setting 30 days as the monthly payment period 28 ENGLISH Amortization Fix interest rate 1 Press to enter the amortization calculation mode 2 Press or to select fix interest rate FIX gt 1 calculation Example 1 To plan for purchasing a new house you are considering a mortgage for 30 years 3 000 000 at 6 annual interest rate If the 18 payment date is on Oct 2008 what will be the result of the following items as of Oct 2013 e Monthly payment amount Interest part of monthly payment as of Oct 2013 Principal part of monthly payment as of Oct 2013 The balance after that payment Reminder Select the Date Input Mode YR gt 1 in the set up menu before start calculation Ref P 5 1 2 10 Enter amortization mode amp select fix interest rate type CA won 1 Input the Loan amo
20. anged foreign currency FOR CURR Eer 351 000 lt gt Example 2 What is the exchange rate If Local currency US 5 000 foreign currency 3 291 EURO Answer US 1 0 6582 1 Enter Currency conversion function mode select the EX RATE next calculation item Ca E 2 Confirm to calculate the exchange rate Input foreign FOR CURR currency amount Er dos 3 291 3 Input local currency amount LOC CURR INPUT 5 000 5 000 lt gt 4 Display the rate of this exchange EX RATE INPUT 0 6582 lt v ENGLISH a7 Interest Rate Conversion calculation The Interest rate conversion function lets you converting between Nominal interest rate NOM and Effective interest rate EFF Effective interest rate calculation allows you using a common basis compounded annually to compare the nominal interest rates that have different compounding frequency e Press to enter the Interest Rate Conversion mode Press or W key to display the sub division menu EFF Calculate the effective interest rate from nominal interest rate NOM Calculate the nominal interest rate from effective interest rate Example You would like to open a savings account and aim at enjoying the highest interest rate from either Bank A or Bank B that have different offers Bank A gt 6 annual interest compounded monthly Bank B gt 6 05 annual interest compounded twice a year half year Which bank you should go for Step
21. anon business office e Never dispose the calculator improperly such as burning it can create risks of personal injury or harm You are suggested to dispose this product according to your national law Do replace the battery once every two years even it is not used frequently Battery Cautions Keep the battery out of reach of children If the battery is swallowed contact a doctor immediately Misuse of battery may cause leakage explosion damages or personal injury Don t recharge or disassemble the battery it could cause a short circuit Never expose the battery to high temperatures direct heat or dispose by incineration Never leave a dead battery in the calculator as the dead battery may leak and cause damage to the calculator Continue using the calculator in the low battery condition may have improper operation or the stored memory may be corrupted or lost completely Keep the written records of important data all the time and replace the battery as soon as possible ENGLISH CONTENTS L DISPLAY AND ICONS scia P 3 TO GET START pia P 4 Power OM Off antiaereo P 4 Display contrast adjustment eeeeee cece ee Re ee RR EE ee ee ee P 4 Date and Clock Display is EEN N ee GE be P 4 SEeFUPMN libia Ps Initialize the calculator anna ritrarre P 6 DISPLAY MESSAGE AND CALCULATION RANGE SUMMARY P 6 Calculation accuracy Calculation Tangeri P 6 Calculator busy MESSAGE P 10 Overflo
22. ar is included b To change the date input or display format you have to go to date amp clock display mode by pressing C and switch the date format by pressing REMY Y M D Year Month Day default format D M Y Day Month Year L M D Y Month Day Year Example Calculate the number of days between 15 Oct 2008 and 01 Mar 2009 in the 365 day mode The date format is Year Month Day ON To Tal lt v 2 Confirm to calculate the number of days Key in 365 Day Mode as Day Mode gt INPUT 365 365 3 Input start date in the format YYYY MM DD DATE1 Y M D INPUT 20081015 2008 10 15 4 Input the end date DATE2 Y M D INPUT 20090301 2009 03 01 5 INPUT DAYS 137 Answer There are 137 days between the two dates ENGLISH 39 FINANCIAL FORMULA r IMPORTANT NOTICE All financial calculations in FN 600 are base on following formulas however your bank or financial institutions will offer or qualify the terms and conditions of the financial activities according to the contract or different calculation formulas As a result the calculation may vary Certain financial terminology problems examples or calculation methods described in this manual may not fit for all nations Therefore you have to consult the qualified financial institution before making a financial decision Certificate of Deposit calculation AMT Amount at maturity PV Certificate of deposit amount at the begi
23. asing Canon Financial Calculator FN 600 Canon new generation two line display calculator that features with financial calculation functions such as savings loans amortization advance payment and refinancing currency conversion and many more We recommend you to read this user manual and all the important notices before start using FN 600 And please keep this user manual with you for future use DISPLAY AND ICONS Interactive message line ADV PMT AMORT O O RIN 00H0H0000GH0000g00000EU0gU0REGREEREREG ae O K CDCURRGOALSAVE RING GN wry gp OS mr EE EE EE EE EE Oe O Normal EINA NE AK NE Sear pucca EP n GP Sn GP gt Display line ADV PMT Advance payment function mode page 30 34 AMORT Amortization function mode page 27 29 RE FIN Refinancing function mode page 35 36 LOAN Loan function mode page 23 25 INT ONLY Loan interest only function mode page 26 2 STEP 2 step interest rate type calculation page 23 25 27 36 SIMP INT SAVE Simple interest savings function mode page 20 CD Certificate of deposit function mode page 16 17 CURR SAVE Currency savings function mode page 19 20 GOAL SAVE Goal savings function mode page 18 TERM Payment term display page 30 33 YEAR Year display page 23 25 27 36 SET Function Set up menu page 5 Deposit memory second function Icon page 21 23 TAX TAX TAX Tax calculation page 11 AV lt p gt Up
24. aturity aon eve AMTE or 12 062 7001111 6 Display the total Interest Amount at maturity bos save INTE or INPUT 62 7001111 7 Store All input amp result into deposit memory B ove B PMT Answer Your account will receive 12 062 7001111 after 2 years goal savings 18 ENGLISH Currency Savings Calculation 1 Currency savings CURR SAVE is based on simple interest rate to gain profit from a high interest rate foreign currency and the difference between Telegraphic Transfer Selling rate TTS and Telegraphic Transfer Buying rate TTB 2 In currency savings mode you can calculate one of the following items variable by pressing 7 or key to select and press or to confirm HAMT Amount at maturity PV Present value 1 Interest rate DAYS Number of days in savings period ATTS TTS at the beginning of time ATTB TTB at the end of time 3 After displaying the result of Amount at maturity you also can see the break even point that showing by what TTB value will have no profit and loss Example 1 You invest 1 000 000 into foreign savings account for 60 days the TTS at the beginning of time is 1 116 the TTB at the end of time is 1 120 the annual interest rate the bank given 3 6 How much will you have after 60days use 365 day mode 1 Enter Currency savings mode CURR save RT AMT ON CURR A 7 gt 2 Confirm to calculate Amount at maturity and Input CURR save TTS TTS i
25. ayment is 30days the Partial PER 0 Loan AMT Loan Amount at the beginning of time I Interest rate INT AMT 1 PMT interest amount in the 1 payment PMT LoanAMT x When Partial PER is O Normal Case INT AMT lst PMT Loan AMT x i 100x12 When Partial PER is 1 30 INT AMT st PMT Loan AMT x xEertial PER 100 365 When Partial PER is 31 62 Partial PER INT AMT Ist PMT Loan aur Loan an ae 100x12 365 Interest conversion Calculation EFF Effective interest rate NOM Nominal interest rate N Number of compounding N srr IE ie 100x N 1 NOM cal 1 x N 100 Currency conversion Calculation FOR CURR Foreign currency amount LOC CURR Local currency amount EX RATE Exchange rate base on local currency to foreign currency FOR CURR LOC CURRX EX RATE ENGLISH 2 BATTERY REPLACEMENT dh When the following Low battery message or icon appears stop using calculator turn it off replace the battery immediately lcon LOW BATTERY Please replace the lithium battery by the following procedures Press to power off the calculator Remove the screw that securely fixes the batter cover in place fig 1 Take out the battery cover by thin and sharp object and remove the old battery with a ball pen or similar sharp object fig 2 Load the new battery with the positive side facing up fig 3 Replace the battery cover screw
26. culate display CAL on OR Target payment term the nth payment display Nth PMT Before starting the amortization advance payment or refinancing calculation please go to the set up menu and select the input method HAHA Date Input mode YR gt 1 Input 1st payment month PMT 1 MTH and target date for calculation CAL on OR Term Input mode TERM gt 2 Input the target payment term you want to calculate Nth PMT ENGLISH 27 3 Partial Period Partial PER calculation e In this calculator each monthly loan repayment period is considered to be 30 days 365 days a year please reference page 41 for the formulas Some financial institutions will offer flexibility to customer that 1st payment can be paid before or after the original initial payment date We call this irregular type of 1st payment period Partial Period Partial PER Scenario 1 15 payment period is 30 Days 1 month Partial Period 0 Loan Contract date 15 payment date 2 d payment date One Month 30days One Month 30days Whenever the 18 payment date of loan amortization Advance payment or refinancing calculation is not 30 days from contract date you need to input the 15 payment period number of days in the Set up menu Partial PER section Scenario 2 15 payment period is 5 Days Partial Period 5 Loan Contract date 15 payment date 2 d payment date I One Month 30days 5 days Parti
27. culation item and input smpinr PV the PV amount INPUT 20 00 00 200 000 gt 3 Confirm PV and enter the 0 2 simple interest rate INPUT 0 2 4 Date Mode number of days per year 360 or 365 simp int Day Mode INPUT 365 365 SIMPINT I gt hO 5 Inputthe savings period number of days suine DAYS Ee 365 6 Display the Amount at maturity Sinet ANT 200 400 lt gt 7 Display the interest amount simp int INT 400 lt gt 8 PI AII dis amp result into deposit memory D re D PV Es 200 000 gt Answer You will have 200 400 after 365 days 20 ENGLISH Deposit memory function 1 The Deposit memory function allows you to store the input and output value of savings calculations into maximum 5 deposit memories A B C D E It also provides convenient for you to combine 5 memories value and obtain the summation of total present value or total amount at maturity You can Store Recall or Delete deposit memories A E by To store the input and output of a savings calculation To recall a deposit memory To delete clear a deposit memory and follows with pressing the 4 3 5 or key To calculate the total present value or total amount at maturity of A to E deposit memories simply press Whenever you press P s the E icon will be shown The deposit memory function cannot be used when you are in the set up
28. e shorten ENGLISH 31 ADV PMT FIX gt 1 2SP gt 2 1 gt ADV PMT Period ST ADV PMT Loan AMT 3 000 000 gt lt gt v ADV PMT I lt gt N on ADV PMT MTHS 360 8 lt gt ADV PMT PMT 1 MTH 2008 11 lt gt ADV PMT CAL on 2018 11 ADV PMT Unpaid PRN 2 236 943 24383 lt gt ADV PMT PLN AdvPMT 200 000 lt gt ADV PMT AdvPMT 27 TERM 199 572 466169 Y lt gt 11 Display the corresponding interest amount to be ADV PMT INT SAV savings after the advance payment being paid 120 475 461874 lt gt 12 Display the new loan balance after the advance ADV PMT BAL NEW payment 199 572 466169 INPUT 2 037 370 77766 lt gt Part B If you only want to shorten 20 terms for this case how much you should pay as an advance payment How much will the corresponding interest amount be savings What will be the new loan balance in this situation 13 Return the display of Payment terms being shorten in ADV PMT AdvPMT 27 TERM relation to advanced amount A D D 199 572 466169 Y lt gt 14 Reduce the terms to be shorten by pressing the ADV PMT AdvPMT 20 TERM down arrow key 7 times and instantly display the amount to be paid as advance payment Ml N ON EN LN me 146 749 839251 lt gt 15 Display the corresponding interest amount to be ADV PMT INT SAV savings by the new advance payment amount a INPUT 90 322 7000396 16 Display the new loan balance after the advance _ payment 1
29. integer or according to following table E Output range are between 0 to 999 999 999 999 or according to function conditions Function Message Description Calculation Range Certificate Certificate of deposit amount 0 lt PVS999 999 999 999 of deposit at the beginning time 1 Interest rate 0 001 S l 200 Compound interest MTHS Number of months in the 1S MTHS S1200 saving period Amount at maturity O lt AMT amp 999 999 999 999 INT Interest amount Goal savings Monthly payments 0 lt PMTS 999 999 999 999 1 Interest rate 0 001 S 1 200 Compound interest MTHS Number of months in the 1S MTHS 1200 saving period Amount at maturity O lt AMT S999 999 999 999 6 ENGLISH Function Display Message Description Calculation Range Currency TTS Telegraphic Transfer Selling O lt TTS 999 999 999 999 savings rate at the beginning time TTB Telegraphic Transfer buying O lt TTB 999 999 999 999 rate at the end PV Local currency savings O lt PV 999 999 999 999 amount at the beginning time 360 or 365 only integer only 1 lt Days S999 999 999 999 seer CTS Simple Interest PV Savings amount at the 0 lt PV 999 999 999 999 savings beginning time Interest rate Simple Interest 0 001 S 1 200 Day Mode Day mode selection 360 or 365 only integer only DAYS Number of Days 1S Days 999 999 999 999 Amount at maturity 0 lt AMT S999 999 999 999 Deposit Total deposit amount at the memory beginnig time TTL AMT Total de
30. loan period 2 step interest rate 2SP gt 2 In the initial period a fixed rate and monthly payment is requested afterward the loan balance will be paid by another fixed rate and monthly payment Set the initial step period in the set up menu 3 There is only Fix interest rate payment method in the Loan Interest only calculation ENGLISH 23 Loan Even Payment calculation Fix interest rate 1 Press to enter the Loan even payment calculation mode 2 Press or to select fix interest rate FIX gt 1 calculation 3 In the subdivision menu you can select one of the followings by pressing w or key PMT Monthly payment Loan AMT Loan amount 1 Interest rate MTHS Number of payment month s in loan period and confirm the item to be calculated by pressing or key Example 1 You want to loan 1 000 000 from the bank that offers you a 30 years fix rate mortgage at 3 4 what is your monthly payment 1 Enter Loan even payment mode select fix interest LOAN FIX gt 1 2SP 52 rate type Ee 2 Confirm the category and display the subdivision LOAN PMT menu 3 Confirm to calculate the payment amount input the LOAN Loan AMT loan amount at the beginning 5 1 00 00 00 1 000 000 4 Input the interest rate Loan 1 Input 3 4 34 1 gt lt 4 v 5 Input the number of months for the loan payment LOAN MTHS x npum 30 3128 360 5 6 Confirm the input and displa
31. menu Example 1 Store CD values into deposit memory Only the output result screen of savings function you are able to store savings value into deposit memory A to E ON co HAMT v gt SH co PV 20 000 d a co 1 5 Se CD MTHS 36 Output result screen ca AMT Meer 23 229 4446267 lt gt Ready to operate deposit memory function ep AMT HSnown 23 229 4446267 Be Store input amp result into deposit memory A ch PV A 20 000 gt Exit deposit memory function ON ENGLISH 2 1 Example 2 Recall the deposit memory A You can recall deposit memory A to E in general or financial calculation mode and when you are reviewing the deposit memory content you can key in new value for a new savings calculation 1 Ready to recall the deposit memory ElShown 0 2 Heel deposit memory A CD PV 20 000 gt 3 Display the deposit memory A content CD 1 5 4 CD MTHS 36 5 coo INAMT 23 229 4446267 lt P 9 CD INT 23 229 4446267 lt gt Example 3 Obtain total present value amp total amount AMT at maturity of all savings You can obtain the value in general or financial calculation mode Before you calculate Total PV amp AMT you have to store the savings account records into deposit memories A to D as following AMT at maturity Deposit Savings Account Present value Interest Period memory Yen rate 23 229 44 20 000 5 36mths 12 062 70 1 040 604 200 400 B GOAL SAVE 5
32. mount monthly part 0 lt New PVS 999 999 999 999 at the beginning of the New loan N I Interest rate of New loan 0 001 lt New 1 200 N MTHS Number of month in new loan 1S no of Mths 1200 period integer only PMT NEW New monthly payment in new loan TTL PMT NEW New Loan s Total payment amount O ZPMT REM Old loan s Sum of remaining The value is same as PMT payment amount from the REM calculation month till the loan maturity 2PMT DIFF The difference between old amp TTL PMT New o 2PMT new loan s total payment REM amount Other Cost Other costs for refinancing OS Cost 999 999 999 999 e g administration fee stamp fee deposit charge DIFF Cost The net difference after paying the other costs Currency Loc CURR 0 lt L0C 999 999 999 999 conversion O lt EX RATE S999 999 999 currency to foreign currency 999 0 lt FOR 999 999 999 999 Interest rate O lt EFF lt 999 999 999 999 0 lt NOM lt 999 999 999 999 ENGLISH 92 Function Display Message Description _ Calculation Range _ Day amp Date 360 or 365 only integer only DAYS Number of days 2958098 2958098 negative number input is accepted Errors are cumulative and may become large in the case of consecutive calculations In this calculator some financial calculation mode s input output registers will be kept after you pressed or 4 it is for your convenient to review or continue use in another financial calculation mode
33. n please go to the set up menu and select the input method Date input method YR gt 1 or Term input method TERM gt 2 30 ENGLISH Advance Payment Period Shorten Example On Nov 2008 you had made a loan 3 000 000 for 30 years the bank offers you 2 5 annual interest Fix interest rate And you come to know that on Nov 2018 you will have 200 000 which you can use it as an advance payment of the loan Part A So you want to know after you paid the advance payment on Nov 2018 How many payment terms you can be shorten e What is the actual advanced payment amount should be received by bank if the maximum advance payment amount is 200 000 The interest amount to be savings The loan balance Reminder Select the Date Input Mode YR gt 1 in the set up menu before start calculation Ref P 5 1 2 9 10 Enter Advance Payment amp Refinancing Mode select 1 for fix interest rate setting 1 Display the sub division menu INPUT Confirm to calculate period shorten and input the Loan amount INPUT 3 00 00 00 INPUT 25 Confirm interest rate and input the no of months terms 30126 Input the 1st payment year month 200811 Input the year month to perform calculation 201811 Display unpaid principal as of Nov 2018 Input the planned maximum advance payment amount to be paid INPUT 2 0 00 00 Display the amount to be paid as advance payment the no of terms to b
34. nning I Interest rate MTHS Number of month s in the savings period m Compounding number 1 2 4 12 MTHS 12xm AMT PV x 1 100xm Goal savings calculation AMT Amount at maturity PMT Monthly savings installment payment I Interest rate MTHS Number of month s in the savings period m Compounding number 1 2 4 12 FMTHS _ I Ve AMT PMT x where F 1 Er Ee ni Currency savings calculation AMT Amount at maturity PV Local currency savings amount at the beginning I Interest rate TTS Telegraphic transfer selling rate at the beginning time DAYS Number of days for savings TTB Telegraphic transfer buying rate at the end Day Mode Number of days per year 365 or 360 AMT x ee eee x TTB TTS 100 DayMode PV PV PV I DAYS x x TTS TTS 100 DayMode Simple Interest Calculation AMT Amount at maturity PV Savings amount at the beginning I Interest rate DAYS Number of days for savings Day Mode Number of days per year 365 or 360 I DAYS Breakeven AMT PV PV x x l 100 DayMode 40 ENGLISH Loan Calculation PMT Monthly payment Loan AMT Loan amount at the beginning time I Interest rate MTHS Number of month in the loan period I 100x12 I MTHS 1 1 100x12 Partial Period Set in setup menu Partial PER Number of days in 1 payment e g Normal case number of days in 18 p
35. nt Refinancing gt ENGLISH interest rate in the 2 step interest rate calculation Select the number by or v key 4 irregular type of 1 payment period Select by Ma7 or v key 1 for Year input method 2 for Term input method TODAY Date of Today Year 2008 2099 2008 01 01 Date format can only lt Date and clock gt Month 01 to 12 YYYY MM DD be changed by 94 Day 01 to31 key after exit the set up menu CLOCK Clock time 12 hour mode 12 hour Mode Press 4 or v key lt Date and clock gt Hour 01 to 12 12 00 AM to select AM or PM Minute 00 to 59 in 12 hour format 24 hour mode Clock display format Hour 00 to 23 can only be changed Minute 00 to 59 by 22 key after exit the set up menu Initialize the calculator When you are not sure the current calculator setting you are recommended to initialize the calculator all function setting Independent memory Tax rate key in value Deposit memory LCD contrast Date amp clock to default value by pressing RESET button at the back of the calculator RESET O Display message and calculation range summary A Calculation accuracy Calculation range BM Accuracy As a rule accuracy ist 1 at the 12th digit for a single calculation Errors are cumulative in the case of consecutive calculation m Financial calculation internal digits Up to 16 digit E Input should be positive decimal number or
36. only Amortization Subdivisions Manual Type of interest 16 17 Compound deposit a Savings Currency savings 19 Simple Simple interest 20 Simple savings Fix interest amp Even payment 2 Step interest Fix interest Fix interest amp 2 Step interest Items to be calculated E Amount at maturity 4 2 3 2 3 3 4 5 1 7 P E Interest rate ZA Number of Days 1 i G Telegraphic Transfer Buying rate TTB 4 Amount at maturity Present value 5 Telegraphic Transfer Selling rate TTS 4 E Monthly payment amount Principal part of monthly payment 14 ENGLISH Category Subdivisions Manual Type of interest Item to be calculated Number of Period Term Shorten Fix interest amp Period shorten 30 33 Interest amount savings 2 Step interest Balance after advance payment Advance Payment New monthly payment 33 34 Payment savings ae Monthly payment savings Step interest Interest amount savings Balance after advance payment Total payment amount Total payment amount difference Old loan amp Fix interest amp between New amp Old loan Refinancing 35 36 New loan 2 Step interest Total payment amount difference between New amp Old loan Include the other costs E Foreign currency Currency 3 i conversion Conversion Interest rate 3 conversion BA Exchange rate Date amp Clock display Date amp Clock Days amp Date 3 calculation nes 2 ese a
37. posit amount at the maturity LOAN FIX gt 1 2SP gt 2_ Fix interest rate or 2 Step 1 or 2 integer only calculation interest rate selection Loan AMT Loan amount at the beginning 0 lt PV 999 999 999 999 Loan interest rate 0 001 I S200 MTHS Number of months in loan 1SMTHS 1200 period Monthly payment 0 lt PMT lt 999 999 999 999 TTL PMT Total payment amount O lt AMT 999 999 999 999 Loan even 1 10 Loan interest rate before n 0 001 1 1 200 payment year initial step SIR 1 11 Loan interest rate after n 0 001 S 1 2 S 200 fix 2 step year 2nd step interest rate PMT 10 Monthly payment before n 0 lt PMT1 S 999 999 999 999 year PMT 11 Monthly payment after n 0 lt PMT2S 999 999 999 999 year ENGLISH 7 Function Display Message Description Calculation Range Loan interest only Amortization Advance payment period shorten Advance payment payment savings fix interest rate MTH INT Number of month in the interest only period 1 SMTH INT 1200 Integer input PMT INT Monthly payment in interest only period PMT Monthly payment after interest only period PMT 1 MTH Nth PMT INT Part PRN Part BAL Balance after that payment 1 Period ST Period shorten 2 PMT SAV Payment savings 3 RE FIN Unpaid PRN PLN AdvPMT The 18 monthly payment Date Input Method Calculate on Year Month Date Input Method Target payment tern for calcula
38. t to be savings The loan balance Reminder Select the Term Input Mode TERM gt 2 in the set up menu before start calculation Ref P5 ON ADV PMT 1 1 ADV PMT FIX gt 1 2SP gt 2 LA gt 2 Confirm 2 to calculate the payment to be savings ADV PMT B PMT SAV INPUT 3 Confirm the Loan amount ADV PMT Loan AMT INPUT 3 00 00 00 lt gt v 3 000 000 gt 4 input 25 ADV PMT 196 25 gt 5 30126 ADV PMT MTHS 360 8 6 Input your target term to be calculated ADV PMT Nth PMT 120 120 ENGLISH 323 7 Display the unpaid principal balance before the 120th ADV PMT Unpaid PRN payment lt gt INPUT 2 244 121 61742 8 Input your planned advance payment amount ADV PMT PLN AdvPMT 2 0 00 00 200 000 lt gt 9 Display the new monthly payment amount after ADV PMT PMT NEW eee 10 797 2112273 797 10 Monthly payment savings New vs Old BOE PMT SAV INPUT 1 056 4157372 lt gt 11 Display the corresponding interest amount can be ADV PMT INT SAVE savings after the advance payment being paid Licasissznan Ae 12 Display the new loan balance ADV PMT BAL NEW 2 044 121 61742 lt gt Answer The loan 3 000 000 for 30 years from Nov 2008 with 2 5 annual interest Fix interest rate if there will be advance payment 200 000 on the 120th New monthly payment 10 797 2112273 Interest amount savings 54 596 1926728 amount Monthly payment 1 056 4157372 Loan balance NEW 2 044 121 617
39. te Payment tern Input Method Interest part of monthly payment Principal part of monthly payment Refinancing Unpaid principal at the beginning of the month or payment term to calculate The advance payment amount you plan to pay 1901 01 2099 12 Integer only 1901 01 2099 12 Integer only Number of months between PMT 1 MTH and CAL on cannot larger than MTHS 1 1200 Integer only The input value cannot larger than MTHS O lt PLN AdvPMT 999 999 999 999 The input value cannot larger than unpaid PRN AdvPMT 123 INT SAV BAL NEW PMT NEW PMT SAV The amount to be paid as Advance Payment 123 is the example showing number of payment terms to be shorten Total interest amount savings after advance payment The balance after advance payment New monthly payment after advance payment Monthly payment savings after advance payment s ENGLISH Function Display Message Description Calculation Range Advance PMT NEW 10 New monthly payment before payment nth year after advance payment payment savings PMT SAV 10 Monthly payment savings 2 step before nth year after advance interest rate payment PMT NEW 11 New monthly payment after nth year after advance payment PMT SAV 11 Monthly payment savings after nth year after advance payment Refinancing gt PMT REM Sum of remaining payment amount from the calculation month till the loan maturity N Loan AMT Loan a
40. ting loan with another new loan conditions You may consider refinancing the existing loan with aim s at Reducing the cost of interest such as variable rate to fix rate loan Reducing monthly or periodic payment amount Extending the repayment time Raising cash You can calculate the payment and interest amount difference between old loan and new loan 3 Press to enter Advance payment amp refinancing calculation mode Then follows with interest rate option menu Press or to select fix interest rate FIX gt 1 Press or to select 2 step interest rate 2SP gt 2 4 After confirmed the type of interest rate you can decide which item Total 3 options to be calculated Press 4 or key to display the option Period ST Period Shorten Period to be shorten by Advance payment On condition that monthly repayment amount no change Calculate how the advance payment affects the number of payment or repayment duration interest amount and the balance PMT SAV Payment Savings Payment to be saved by Advance payment On condition that the total number of repayment terms duration is kept Calculate the impact of the advance payment towards monthly payment amount interest amount and the balance RE FIN Refinancing Calculate the payment difference between old loan and new loan confirm the item to be calculated by pressing or key 5 Before starting the advance payment or refinancing calculatio
41. unt INPUT 3 00 00 00 INPUT 6 Input the amortization duration 12 mths x 30 years 360 Input the 1st payment year month the Date Input mode should had been selected in the set up menu 200810 Input the year month to perform calculation 201310 Display the monthly payment amount Display the Interest part of monthly payment Display the principal part of monthly payment Display the balance after that payment AMORT FIX gt 1 2SP gt 2 AMORT Loan AMT 3 000 000 gt pare v AMORT I AMORT MTHS 360 lt gt AMORT PMT 1 MTH 2008 10 lt gt AMORT CAL on 2013 10 lt gt AMORT PMT 17 986 5157546 lt gt AMORT INT Part 13 958 1535234 lt gt AMORT PRN Part 4 028 3622312 lt gt AMORT BAL 2 787 602 34245 lt gt When you continuous to press or you can obtain the mortgage TTL PMT Total payment amount TTLINT Total interest amount Answer As of Oct 2013 the monthly payment is 17 986 5157546 in which 13 958 1535234 is devoted to interest and 4 028 3622312 is devoted to principal The balance after that payment is 2 787 602 34245 ENGLISH 29 Advance payment and Refinancing calculation 1 Advance payment function allows you to simulate the impact of the loan schedule and monthly payment when part or whole of the loan principle is to be paid in advance by a lump sum amount prior to the loan contract due date 2 Refinancing is a replacement of exis
42. ure GOAL SIMP INT INT CONV DAYS CAL The following table shows details of calculation mode Certificate of deposit calculation mode CD Goal savings calculation mode GOAL SAVE Currency savings mode CURR SAVE Simple interest savings calculation mode SIMP INT Loan even payment calculation LOAN Loan interest only calculation LOAN INT ONLY Advance payment calculation ADV PMT Currency conversion mode Interest rate conversion mode Date and clock display mode Days and date calculation mode Remark 1 amp For Loan even payment Amortization and Advance payment calculation there are two type of interest rate FIX gt 1 fix interest rate type calculation 2SP gt 2 2 step interest rate type calculation 2 STEP icon shown Press 1 or 2 to select and press or 6 to confirm LOAN SAVINGS Remark 2 In the Advance Payment and refinancing calculation after confirming the type of interest Fix or 2 Step you can select one of the following items by w or N key Period ST period shorten PMT SAV payment savings RE FIN refinancing RE FIN Icon shown and then press or to confirm ENGLISH 13 Mode divisions and calculation items The following table shows the associated calculation items of each financial calculation mode Simply press or key to display the item options and confirm your selection by pressing or Category Certificate of Interest
43. ut the Loan amount month RE FIN Loan AMT INPUT 3 00 00 00 3 000 000 gt Nun 2 5 RE FIN 1 25 E INPUT 30 amp 3 12 B RE FIN MTHS 360 8 Input the 1st payment month REFIN PMT 1 MTH 20081 2008 11 Input the year month to perform calculation RE FIN CAL on Ao M 2018 11 Display unpaid principal as of Nov 2018 RE FIN Unpaid PRN 2 236 943 24383 lt gt Display total payment amount from 2018 11 till BEEN PMT REM maturity 2 844 870 47149 lt gt Pop up message indicating a new loan calculation BEEN NEW LOAN Start INPUT New loan using fix interest rate REFN FIX 31 2SP 32 1 gt ENGLISH a5 12 13 14 15 16 17 18 19 20 Input the New loan amount INPUT 2 2 4 00 00 INPUT 2 input 20 amp 12 Display NEW loan s monthly payment Display NEW loan s total payment amount INPUT Display OLD loan s total payment amount INPUT Display the difference between New and Old loan s total payment amount Input Other costs administration fee agent fee etc 3 000 Display the Net difference after administration cost INPUT RE FIN N Loan AMT 2 240 000 lt gt RE FIN N I RE FIN N MTHS 240 lt gt REFIN PMT NEW 11 331 786705 lt gt RE FIN TTL PMT NEW 2 719 628 8092 lt gt RE FIN O 2PMT REM 2 844 870 47149 lt gt RE FIN 2PMT DIFF 125 241 66229 lt gt RE FIN Other Cost 3 000 lt gt
44. w TUNGO sir EEDE ENES P 10 BASIC CALCULATION ll P 11 FINANICAL CALCULATION oues sees sees sees seen sae ese ke Ekke sees GENE P 12 Operating in financial calculation sis EE EE GESE SE GR NE Rg P 12 Mode SCIOCTION MR N N OE ED P 13 Mode divisions and Calculation items ees RE Ee P 14 Savings Deposit calculation ss ase ES ES Ee eo cues P 16 Certificate of deposit calculation eenen P 16 Goal savings calculation RR AR KEER RE ee ep AE P 18 Currency savings Calculation ee ee P 19 Simple interest savings lella P 20 Deposit memory function rire P 21 Ei Ee ie Ee AE EE EE OE EE EE EE P 23 Loan even payment calculation Fix interest rate P 24 Loan even payment calculation 2 step interest rate P 25 Loan interest only i e cicci P 26 Amortization calculation sesse EER Go eg Ee ese P 27 Amortization Fix interest rate eke ee RR RR RR RR EE Ee P 29 Advance payment and Refinancing Calculation P 30 Advance payment Period Shorten EE EE P 31 Advance payment Payment Savings Ee P 33 Refinancing PR EE EG P 35 Currency conversion calculation ss se sa ee EE gs ek se ee P 37 Interest rate conversion iii P 38 Date amp days GalCul aloni P 39 FINANCIAL FORMULA P 40 BATTERY BEPLACEMEMT lilla P 42 SPECIFICATIONS lla P 42 2 ENGLISH Thank you for purch
45. y monthly payment LOAN PMT Eg 4 434 81233087 7 Display the total monthly payment amount LOAN TTL PMT 1 596 532 43911 lt gt 8 Display the total interest amount LOAN TTLINT 596 532 43911 lt gt Answer This loan needs to have 4 434 81233087 monthly payment And the total payment amount is 1 596 532 43911 24 ENGLISH Loan Even Payment calculation 2 step interest rate 1 Press to enter the Loan even payment calculation mode 2 Press or to select 2 step interest rate 2SP 2 calculation 3 In the subdivision menu you can select one of the followings by pressing w7 or A key PMT Monthly payment Loan AMT Loan amount 1 Interest rate MTHS Number of payment month s in loan period and confirm the item to be calculated by pressing or key 4 Please set the initial interest rate period of 2 step interest rate calculation in the set up menu Example 1 You want to loan 2 800 000 for 30 years the bank offers you 2 5 annual interest rate for initial ten years from the 11th and remaining years the annual interest rate will be adjusted to 3 8 What will be the initial 10 year monthly payment ON 1 CA BR 2 low FIX gt 1 2SP gt 2 2 gt 2 Confirm 2 step interest rate type and display the LOAN steel PMT subdivision menu 3 28 00 00 0 Loan 2 step Loan AMT 2 800 000 gt lt v 4 Interest rate of beginning 10years is 2 5 LOAN 2 STEP 1 10 YEAR

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