Casio fx-9750G PLUS User Manual
Page 364
336
u
u
u
u
u
Number of installments
Example
Calculate the number of years it will take to repay a $60,000
loan borrowed at 5.5%, compounded monthly, with monthly
installments of $840.
In the set up screen, specify “
End” for Payment and then press J.
Perform the following key operations from the input screen.
c
f.fw
gaaaaw
(
PV
= 60,000)
-
ieaw
(
PMT
= –840)
aw
(
FV
= 0)
bcw
(Monthly installments)
(Monthly compounding)
1
(
n
)
u
u
u
u
u
Effective interest rate
Example
Calculate (to two decimal places) the effective interest rate
compounded monthly, on a 25-year $65,000 loan repaid with
$460 monthly installments.
In the set up screen, specify “
End” for Payment, “Fix2” for Display, and then press
J
.
Perform the following key operations from the input screen.
cf*bcw
(Input
n
= 25
× 12.)
c
gfaaaw
(
PV
= 65,000)
-
egaw
(
PMT
= –460)
aw
(
FV
= 0)
bcw
(Monthly installments)
(Monthly compounding)
2
(
I
%)
19 - 3
Compound Interest Calculations
P.7
P.7
P.6