Review: Casio FC-200V 2nd Edition
Quick Facts
Model: FC-200V 2nd Edition
Company: Casio
Years: October 2022 - present
Type: Finance
Batteries: Solar and Battery (1 LR44)
Memory: 7 memory registers
System: Algebraic with Order of Operations
Contrast Setting
The Financial 2nd Edition
Ten years ago I reviewed the FC-200V "1st edition", which had the gold keyboard. To be honest, I the cash flow problem I had was probably due to operator error (me).
The gold 1st edition was released in 2004 and 18 years later, we have the black 2nd edition. The 2nd edition follows Casio updating the scientific calculators such as fx-115 ES, fx-300 ES, and fx-300 MS. According to Casio, the redesign are more environmental friendly and more durable than their previous editions.
Like the fx-115 ES 2nd Edition, the keyboard FC-200V 2nd Edition feels responsive and looks clean.
The two rows of light gray keys features the worksheets and modes of the FC-200V:
SMPL: Simple Interest
CPMD: Compound Interest (Time Value of Money)
CASH: Cash Flows
AMRT: Amortization (of compound interest)
COMP: Compute mode, main mode
STAT: Statistics
CNVR: APR/EFF Conversions
COST: Cost/Sell/Profit Margin Solver
DAYS: Days Between Dates and Date Calculation
DEPR: Depreciation
BOND: Bond Calculations
BEVN: Breakeven Calculations
The sticker on the case lists all of variables used in the calculator, as well as how to set the contrast on the screen.
The available regressions are:
A+Bx: Linear
+Cx^2: Quadratic
ln X: Logarithmic
e^X: Exponential
A∙B^X: Exponential (any base)
A∙X^B: Power
1/X: Inverse
We can store up to 80 single data points, or 40 pairs of data points. Turning STAT mode on in SETUP will give us access to the frequency column. However this reduces the maximum number of data points to 40 and 26, respectively.
The types of depreciation models available are:
SL: Straight Line
FP: Fixed Percentage
SYD: Sum of the Year's Digits
DB: Declining Balance
Some of the variables are shared with the time value of money variables:
n = life of the asset
I% = percentage or declining balance factor
PV = cost
FV = residual value or salvage value
The Cash Flow worksheet features the following calculations:
NPV: net present value
IRR: internal rate of return
PBP: payback period
NFV: net future value
Be aware that the data entry is shared with the statistics mode. The first data point is still marked data point 1. Data point 1 is the initial cash flow, typically labeled CF0 in most calculators. I wish that the FC-200V had two separate lists in memory for cash flows and statistics to reduce confusion. Turning STAT mode on in SETUP will allow for each point to have a frequency.
Switch between statistics and cash flow modes will clear the list of data points. This is one of the few areas where data does not transfer between applications.
There is a FC-100V which is battery powered but does not have depreciation, bonds, and breakeven calculations. The FC-100V 2nd Edition is currently available outside of the United States.
I think the FC-200V could have used a QR code command on the calculator like the fx-991 EX. However, we get a QR code on the calculator's case which gives access to the user manual.
One of my favorite features is the ability to store two expressions through SHORT CUT 1 and SHORT CUT 2, and two functions with the FMEM1 and FMEM2. FMEM1 and FMEM2 are the only way to assign access some of the functions such as rectangular/polar conversions, arcsine, arccosine, arctangent, factorial, and absolute value to the keyboard.
Variables
The FC-200V has seven variables independent of the financial variables: A, B, C, D, X, Y, and M. M has the memory add (M+) and memory subtract (M-) that Casio has on scientific calculators. We can enter variables with the ALPHA key. However, the store key brings up a menu and this is the only way to store variables.
The Percent Key and the Percent Change Key
The percent key works like the percent function on scientific algebraic calculators, just dividing its argument by 100. The percent key (Δ%) also had idiosyncrasies to it. Just typing Δ% execute the function immediately.
To add y percent to x: x + x * y% or x * (1 + y%)
To subtract y percent from x: x - x * y% or x * (1 - y%)
To calculate percent change from x to y: x - y Δ%
To calculate (y + x)/x * 100%: x + y Δ%
To calculate sale price: cost * profit margin Δ%
The manual makes a great reference, not only detailing the operations of the calculator, but also lists reference formulas. You will have to find it online, as the calculator only gets quick start guides in English, Spanish, and French.
Final Thoughts
The FC-200V 2nd Edition is a feature rich financial calculator and its pretty easy to use, if you are willing to work with the idiosyncrasies.
Source
Casio. "FC-200V-2 Financial" Retrieved December 3, 2022. https://www.casio.com/us/scientific-calculators/product.FC-200V-2/
Eddie
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