Casio fx-9750G PLUS - Manual (Page 362)

334
u u u u u Number of installments
Example Calculate the number of monthly $84 installments required to
accumulate a total of $6,000 at an annual interest rate of 6%,
compounded annually.
In the set up screen, specify “ End” for Payment and then press J.
Perform the following key operations from the input screen.
c
gw
aw ( PV = 0)
- iew ( PMT = –84)
gaaaw ( FV = 6,000)
bcw (Monthly installments)
bw (Annual compounding)
1 ( n )
u u u u u Interest rate
Example Calculate the annual interest rate required to accumulate a
total of $10,000 in 10 years with $60 monthly installments.
In the set up screen, specify “ End” for Payment and then press J.
Perform the following key operations from the input screen.
ba*bcw (Input n = 10 × 12.)
c
aw ( PV = 0)
- gaw ( PMT = –60)
baaaaw ( FV = 10,000)
bcw (Monthly installments)
bw (Annual compounding)
2 ( I %)
u u u u u Principal plus interest with initial deposit
Example Calculate the principal plus interest after one year for an
installment savings account with an interest rate of 4.5%,
compounded monthly, opened with an initial deposit of $1,000,
with $500 installments added each month.
In the set up screen, specify “ End” for Payment and then press J.
19 - 3
Compound Interest Calculations
P.7
P.7
P.7