Product Description

Financial calculator with Direct mode key and 4 line display

Product Details

• Color: silver
• Brand: Casio
• Model: FC-200V
• Released on: 2005-07-20
• Platform: No Operating System
• Number of items: 1
• Dimensions: 6.00" h x 2.00" w x 10.00" l, .70 pounds

Features

• Full dot, 4-line display
• Cost/sell/margin, investment appraisal, amortization
• Converts between percentage interest rate and effective interest rate
• Simple and compound interest calculations, depreciation
• Slide-on hard case; solar power with battery back-up

Customer Reviews

Casio vs TI Professional
I study Finance and Mathematics.

I have both TI: texas inst financial calculator and Casio.

TI Professional:
Pro:
1. you can use this at Actuary and CFA exams.
2. once you get used to it, it is a good calculator

Con:
1. harder to use than Casio
2. battery supported, you MUST have extra battery when you go for any exams (CFA, Actuary, etc)

Casio
Pro:
1. more features
2. easier to use
3. battery and solar supported
4. navigation feature, you can scroll up and down using few lines of display

Con:
1. you can't use this at CFA, actuary exams
2. school text books teach you how to use fin cal using TI, not this one

My opinion:
If you are not finanace major, just usnig this at work or school for principle classes, get casio for much easier use

If you are Finance major, taking any cfa exam, or actuary exam, get TI prof, there is no choice because you can't use Casio.


If you are a beginner and want to get friendly with these lovely devices, use TI to calculate and use Casio to check your answer.

I hope this review helped

Recommended for beginner's ONLY
I teach finance at the university at undergraduate level and our department recommends using this calculator for the students. The calculator work well for fundamentals of finance classes where the number of years are even numbers and do not include decimals. I have used this calculator to calculate bonds in advance finance classes were the number of years includes decimals (i.e. 1.71786). The answers it gives you are wrong. Try solving bond valuation manually where N includes a lot of decimals and compare it with the calculator. You will find that the calculator will give you wrong answers. I had tried Texas Instruments or HP for the same problem and I got correct answers. I recommend this calculator for beginner's in finance or people who do not want to solve complicated finance problems. If you plan to use for complicated problems, I recommend Texas Instruments or HP.

Here is an example:
Use CMPD for the following inputs:

N=3.43562
FV=100
PMT=1.375
I=1.355%

The prevent value should be -100.066697 but the calculator does not provide that answer. Try it with Texas Instruments or HP and that is the answer you will be getting but unfortunately with CASIO, it does not give you the correct answer.

Read Before You Buy
I've been in the finance industry for nearly 10 years. Over the years I have always look for a business calculator that could handle every day finance calculations but provide ease of use. I have tried HPs and TIs but have always thought the key stokes necessary to do simple bond calcuations were somewhat tedious. When I read up on the Casio FC-200V I though my search had ended and thus purchased it. True enough this calculator with it's scroll through menus is very easy to use and logical and has perfomed every calculation that I have tried successfully.

So why did I give it 2 stars? For the simple fact that in the normal calcuation mode it does not allow comas to seperate the 1,000s, 1,000,000, 1,000,000,000 and so on and so forth. For example if you key in one million the display reads 1000000 and not 1,000,000 which just about every calculator I have used does. Comas are used in the other calculator functions but not the basic calcuation mode? Why is this? It seems to me that Casio decided to be lazy and not allow for comas on the basic calculation mode. For this I will not use this calculator. For a business calculator with so much promis I was so disapointed. If anyone from Casio reads this please allow for comas on the basic calcuation mode, for I will buy that calcuator in a heartbeat. If you don't care about the comas I think this is the best calculator on the market.