Casio fx-9750G PLUS - Manual (Page 360)

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Perform the following key operations from the input screen.
baw (Input n = 10.)
c
- gaaaw ( PV = –6,000)
aw ( PMT = 0)
baaaaw ( FV = 10,000)
bw
bcw (Monthly compounding)
2 ( I %)
u u u u u Compound interest period
Example Calculate the amount of time required to increase an initial
investment of $5,000 to a total of $10,000 at an annual rate of
4%, compounded monthly.
In the set up screen, specify “ End” for Payment and then press J.
Perform the following key operations from the input screen.
c
ew ( I % = 4)
- faaaw ( PV = –5,000)
aw ( PMT = 0)
baaaaw ( FV = 10,000)
bw
bcw (Monthly compounding)
1 ( n )
u u u u u Installment savings
Example Calculate (to two decimal places) the principal plus interest for
$250 monthly installments for five years at 6% annual interest,
compounded monthly.
Calculate amounts for when installments are made at the
beginning of each month and at the end of each month.
In the set up screen, specify “ End” for Payment and “Fix2” for Display, and then
press J.
19 - 3
Compound Interest Calculations
P.7
P.7
P.6