Various types of calculations (e.g., financial calculations) require multiple items of input data. A net present value calculation, for example, requires the cash flow values for each period and an investment interest rate as input values on which to base the calculation. A user will be troubled if the user wants to perform such a calculation but does not know how to provide the various input data values into the calculator. The user interface for a calculator is typically quite limited and often not helpful enough to many users.
For a detailed description of exemplary embodiments of the invention, reference will now be made to the accompanying drawings in which:
Certain terms are used throughout the following description and claims to refer to particular system components. As one skilled in the art will appreciate, computer companies may refer to a component by different names. This document does not intend to distinguish between components that differ in name but not function. In the following discussion and in the claims, the terms “including” and “comprising” are used in an open-ended fashion, and thus should be interpreted to mean “including, but not limited to . . . .” Also, the term “couple” or “couples” is intended to mean either an indirect, direct, optical or wireless electrical connection. Thus, if a first device couples to a second device, that connection may be through a direct electrical connection, through an indirect electrical connection via other devices and connections, through an optical electrical connection, or through a wireless electrical connection.
The following discussion is directed to various embodiments of the invention. Although one or more of these embodiments may be preferred, the embodiments disclosed should not be interpreted, or otherwise used, as limiting the scope of the disclosure, including the claims. In addition, one skilled in the art will understand that the following description has broad application, and the discussion of any embodiment is meant only to be exemplary of that embodiment, and not intended to intimate that the scope of the disclosure, including the claims, is limited to that embodiment.
The shift button 18 is pressed to select the lower-most function of any of the buttons 16. If the statistics (Stats) function is desired on the Stats button 29, the shift button 18 is pressed first followed by the Stats button 29. If the shift button 18 is not pressed, then pressing the Stats button 29 (without pressing the shift button 18) selects the Internal Rate of Return (IRR) function.
In accordance with various embodiments, calculator 10 can perform various calculations that require input data and determine, when the user presses the button to perform the calculation, whether the user has already entered the required input data. If the user has entered the required input data, then the calculation is performed. If the user has not entered the required input data upon pressing the button to perform the calculation, the calculator 10 prompts the user to enter each item of required data for the calculation using easy to understand alphanumeric descriptions.
If the user has not already entered the required data, upon pressing the NPV button (shown at 102), the display will be as shown at 104 in which the user is prompted to enter the first cash flow (CF(0) amount. The default value is 0.00 as shown but can be changed using the keyboard 14. At 106, the user enters a first cash flow amount of −500 which means 500 units of money (e.g., dollars) that is outgoing (money being invested by user). The display, at 108, shows that the CF(0) is now a value of −500. At 110, the user presses the INPUT button 26 which causes the −500 first cash flow to be accepted and the user to then be prompted for the number of times that first cash flow amount is to be spent/received (display defaults to a value of 1.00 meaning that CF(0) is spent only once. In the example of
Referring still to
The display, at 122, then prompts the user to enter a next cash flow value (CF(2)). This process can continue as desired by the user. In the example of
At this point, all of the data needed to perform a NPV calculation has been entered and the user need only scroll the results using the up or down arrow buttons 22, 24.
At 172, the net present value (PV) is shown—272.17 in the example of
The above discussion is meant to be illustrative of the principles and various embodiments of the present invention. Numerous variations and modifications will become apparent to those skilled in the art once the above disclosure is fully appreciated. It is intended that the following claims be interpreted to embrace all such variations and modifications.
| Filing Document | Filing Date | Country | Kind | 371c Date |
|---|---|---|---|---|
| PCT/US2008/076764 | 9/18/2008 | WO | 00 | 3/17/2011 |
| Publishing Document | Publishing Date | Country | Kind |
|---|---|---|---|
| WO2010/033117 | 3/25/2010 | WO | A |
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| Hewlett-Packard Company, “HP 20b Business Consultant Financial Calculator 1-9 Manual,” First edition, Aug. 2008, See p. 39-45 (Chapter 4. Cash Flows). |
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| Number | Date | Country | |
|---|---|---|---|
| 20110173242 A1 | Jul 2011 | US |