Casio fx-9750G PLUS User Manual
Page 359
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331
k
k
k
k
k
Savings
u
u
u
u
u
Future value
Example
Calculate the future value after 7.6 years for a principal of $500
and an interest rate of 6%, compounded annually.
Perform the following key operations from the input screen.
h.gw
(
n
= 7.6 years)
gw
(
I
= 6%)
-
faaw
(
PV
= –500)
aw
(
PMT
= 0)
aw
(
FV
= 0)
bw
bw
(Annual compounding)
5
(
FV
)
u
u
u
u
u
Principal
Example
Calculate the principal required at 5.5%, compounded monthly,
to produce a total of $20,000 in a year.
Perform the following key operations from the input screen.
bw
(Input
n
= 1.)
f.fw
(
I
= 5.5%)
c
aw
(
PMT
= 0)
caaaaw
(
FV
= 20,000)
bw
bcw
(Monthly compounding)
3
(
PV
)
u
u
u
u
u
Compound interest rate
Example
Calculate the interest required, compounded monthly, to
produce a total of $10,000 in 10 years on an initial investment
of $6,000.
In the set up screen, specify “
Begin” for Payment and then press J.
Compound Interest Calculations
19 - 3
P.7
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