Casio fx-9750G PLUS - Manual (Page 363)

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Perform the following key operations from the input screen.
b*bcw (Input n = 1 × 12.)
e.fw
- baaaw ( PV = –1,000)
- faaw ( PMT = –500)
c
bcw (Monthly installments)
(Monthly compounding)
5
( FV )
u u u u u Borrowing power
Example Calculate how much can be borrowed on a 15-year loan at a
7.5% annual interest rate, compounded monthly, if a payment
of $450 per month can be made.
In the set up screen, specify “ End” for Payment and then press J.
Perform the following key operations from the input screen.
bf*bcw (Input n = 15 × 12.)
h.fw
c
- efaw ( PMT = –450)
aw ( FV = 0)
bcw (Monthly installments)
(Monthly compounding)
3
( PV )
u u u u u Loan installments
Example Calculate the size of the monthly installment for a 25-year
$300,000 home loan made at 6.2%, compounded semiannually.
In the set up screen, specify “ End” for Payment and then press J.
Perform the following key operations from the input screen.
cf*bcw (Input n = 25 × 12.)
g.cw
daaaaaw ( PV = 300,000)
c
aw ( FV = 0)
bcw (Monthly installments)
cw (Semiannual compounding)
4 ( PMT )
Compound Interest Calculations
19 - 3
P.7
P.7