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40
Procedure Key operation Display
Change the fi rst cash
fl ow value from –25,000
to –30,000.
,
30000
J
CF D—=
-3000000
Change the frequency
of 5000 from 2 to 1.
i
i
i
i
i
i
i
1
J
CF N3=
100
Add a new data set
(6000) immediately
before 5000.
.
e
6000
J
CF D3=
600000
To confi rm the corrections, press
.
z
to jump to the fi rst
data item and press
i
to browse through each data item.
Variables used in discounted cash fl ow analysis
Variable Description Default value
RATE (I/Y) Internal rate of return (IRR) 0
NET_PV Net present value (NPV) —
• The variable RATE (I/Y) is shared by the variable I/Y. NET_PV
is for calculation only and has no default value.
• The BGN/END setting is not available for discounted cash fl ow
analysis.
NPV and IRR
The calculator solves the following cash fl ow values:
Net present value (NPV):
The total present value of all cash fl ows, including cash paid out
(outfl ows) and cash received (infl ows). A profi table investment is
indicated by a positive NPV value.
Internal rate of return (IRR):
The interest rate that gives a net present value of zero.
Basic operations
Refer to page 19 for basic variable operations.
1. Press
s
to clear the display.
• Make sure the calculator is in NORMAL mode.
3FinancialFunctionsCurrent.indd403FinancialFunctionsCurrent.indd40 06.7.108:38:35PM06.7.108:38:35PM
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