재무계산기사용법
DESCRIPTION
How to use a financial calculatorTRANSCRIPT
-
. Setting
1. .
2. Setting Mode .
DEC = 2.00 Message .
3. DEC Decimal() 10
3~4 .
3
.
4. 3 Setting Button .
DEG . RAD
.
DEG Degree() , RAD Radian() DEG
.
5. Setting Button . US 12-31-1990
. EUR 31-12-1990 .
US 12-31-1990 Button
.
6. US 1,000,000 Button .
7. AOS . Chn
. AOS Algebaric Operating System , Chn Chain
Method . .
+
Chain Method Setting 18 , AOS Method
TI BA-II Plus
ON/OF
F
2nd FORMAT
3 ENTER
2nd SET
2nd SET
2nd SET
3 3 3 =
-
Setting 12 . Chn
Method Setting .
8. Button .
9. 0.000 . P/Y =
12.000 . 1 Payment 12 .
1 Payment
P/Y = 1.000 Setting .
Finance Setting .
.
. Time Value of Money
-1 Time Value of Money Work Sheet
Time Value of Money Key Key
.
2nd QUIT
2nd P/Y
1 ENTER
ON/OFF 2nd FORMAT 3 ENTER
2nd SET 2nd QUIT
2nd P/Y 1 ENTER 2nd QUIT
2nd
2nd
N I/Y PV PMT PV
-
-2 Present Value (PV)
(Discounting) .
PV .
PV = FV ni)1(
1
Present Value .
2.1
12% 5 1 1,000,000 1.12
100
? 5
2
1,000,000
12
5)12.01(
000,000,1
= 567,427 5
( yx
) =
2nd Qui
t
2nd CLRTVM
+/- FV
I/Y
N
CPT PV
-
2.2
10% 3 1 13,310,000 1.1
1,331
? 3
2
13,310,000
10
3)1.01(
000,310,13
= 10,000,000 3
-3 Future Value (FV)
(Compounding) .
FV .
FV = PV(1+i)n
Future Value .
( yx
) =
2nd Qui
t
2nd CLRTVM
+/- FV
I/Y
N
CPT PV
-
2.3
100 10% 10 1 1,000,000 1.1 10
10
? 2
1,000,000
10
2,593,742
10
2.4
100 8%
200
? 1,000,000
2,000,000
8
9
yx =
2nd Qui
t
2nd CLRTVM
+/- PV
I/Y
N
CPT FV
2nd Qui
t
2nd CLRTVM
+/- PV
FV
I/Y
CPT N
-
2.5
100
230 10
% 1,000,000
?
2,300,000
9
9.696%
-4
(annuity) .
(at the end of each period) (ordinary
annuity deferred annuity) , (at the beginning of each period)
(annuity due) .
.
-4. a (FVA)
.
FVA = A
i
i n 1)1(
* A : (Annuity)
2nd Qui
t
2nd CLRTVM
+/- PV
FV
N
CPT I/Y
-
FVA .
2.6
10%,
10 100
1,000,000
?
10
10
2.7
5
1 .
10% 1,000,000
?
5
16,379,748 10
-4. b (FVADue)
.
.
FVADue = FVA(1+i)
2nd Qui
t
2nd CLRTVM
+/- PMT
N
I/Y
CPT FV
2nd Qui
t
2nd CLRTVM
+/- FV
N
I/Y
CPT PMT
-
FVADue .
2.8
10%,
10 100
1,000,000
?
10
10
1.1
-4. c (PVA)
. .
PVA = A
i
i n)1(
11
PVA .
2nd Qui
t
2nd CLRTVM
+/- PMT
N
I/Y
CPT FV
=
-
2.9
5,000
. 20
10%. 50,000,000
? 10
20
5,872,981
-4. d (PVADue)
(at the beginning of each period)
.
PVA .
PVADue = PVA(1+i)
FVADue .
2nd Qui
t
2nd CLRTVM
PV
I/Y
N
CPT PMT
-
2.10
20
2,000
. 20,000,000
13%
? 13
20
1.13
2.5
-5. a (PVP, FVP)
(perpetuity)
. .
.
.
2nd Qui
t
2nd CLRTVM
+/- PMT
I/Y
N
CPT PV
=
-
PVP .
2.11
2,000
? 20,000,000
13%.
0.13
PVP = 13.0
000,000,2
= 153,846,154
, 13% 153,846,154
2,000 .
2.6
. (
) .
.
.
=
-
2.12
10% 1
?
t=0 1 2 3 CF0 =0
1,000 2,000 3,000 C01 =1,000
2,000(1+0.1)
1,000(1+0.1)2 C02 =2,000
C03 =3,000
I=10
1.1 3
2 1,000 1.1
FV = 1,000(1+0.1)2 + 2,000(1+0.1)1 + 3,000
= 6,410 2,000 1.1
3,000
2nd Qui
t
CF 2nd CLRWork
Enter
Enter
Enter
Enter
NPV Enter
CPT
yX =
X2
+
+
=
-
2.13
10% 1
?
t=0 1 2 3 CFO =0
1,000 2,000 3,000 C01 =1,000
1,000/(1.1) C02 =2,000
2,000/(1.1)2 C03 =3,000
3,000/(1.1)3 =10
2 1,000 1.1
2,000 1.1
PV = 1.1
000,1+
2)1.1(
000,2+
3)1.1(
000,3
= 4,816 3,000 1.1 3
2nd Qui
t
CF 2nd CLRWork
Enter
Enter
Enter
Enter
NPV Enter
CPT
+
X2
+
YX =
-
.
-1
.
. , C(coupon)
FV(face value), I .
Price(Bond) = 1
1
)1( i
C
+
2
2
)1( i
C
+
3
3
)1( i
C
+ +
n
n
i
C
)1( +
ni
FV
)1(
.
.1
100,000, 3,
10%,
2,500
? ,
12
,
() 124
12% .
100,000
= 4
12= 3(%)
price=03.1
500,2+
203.1
500,2+ +
1103.1
500,2+
1203.1
500,102 =95,023 ()
2nd Qui
t
2nd CLRTVM
PMT
N
= I/Y
FV
CPT PV
-
.2
100,000, 1
5, 12%,
3,000
.
5 4
?
1) 16% 164
2) 12%
3) 8% 100,000
1) price=86,410
: 2 124
.
3 84
2) price=100,000
:
.
3) price=116,351
:
.
2nd Qui
t
2nd CLRTVM
PMT
= N
= I/Y
FV
CPT PV
= I/Y
CPT PV
= I/Y
CPT PV
-
-2
.
.
.
Price(Bond) =1
1
)1( YTM
C
+
2
2
)1( YTM
C
+ +
n
n
YTM
C
)1( nYTM
FV
)1(
(Ci), (FV)
(n)
(YTM) (trial-and-error method) .
.
100,000,
3, 12%,
(YTM)
?
1) 85,000
2) 100,000
3) 115,000
1) ,
85,000=)1(
000,3
YTM+
2)1(
000,3
YTM+
+11)1(
000,3
YTM+
12)1(
000,103
YTM
YTM=0.466 YTM
-
YTM=0.466 4
=0.1864.
18.64
18.64
.
18.64
(reinvestment)
.
2) YTM=3 4=12 ()
3) YTM=1.615 4=6.46 ()