Casio FC-200V User Manual

Page 49

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E-47

3. Press

l to perform the

calculation.

A Calculating the Number of Compound

Periods (

n

), Interest Rate (I%), Present

Value (Principal: PV), and Payment Amount
(PMT)

• Use the same procedure as shown under “Example 1”

(page E-46), substituting the required values.

A Calculating the Number of Months when a

Partial Month is Included

The following example shows how to calculate the number
of months (number of days/total days in the month) for the
number of compound periods (

n

) when a partial month is

include.

Example 1: When the payment period is 16 months and

20 days

1. Use

fc to select “

n

”.

2. Input the division operation that divides the number of

days in the partial month (20 in this example) by the
total number of days in the month.

• This example assumes

that there are 30 days in
the month.

3. Add the number of full

months (16 in this example).

4. Press E.

Note

• This calculator always performs calculations assuming

that the partial month comes at the beginning of the
compound periods (

n

).

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