Casio CLASSPAD 330 3.04 - Manual (Page 843)

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15-3 Compound Interest
Compound Interest lets you calculate interest based on compounding parameters you
specify.
Compound Interest Fields
The following fields appear on the Compound Interest calculation page.
Field Description
N Number of installment periods
I% Annual interest rate (as a percent)
PV Present value (initial investment)
PMT Amount paid each period
FV Future value
P/Y Number of installment periods per year
C/Y Number of times interest is compounded per year
Financial Application Default Setup for Examples
You can use the [Format] tab to change the following settings.
Odd Period: Compound (CI)
Payment Date: End of period
Tip
• You can look at the status bar to see if it displays “CI” and “End”. If those are not displayed, you
can tap the status bar to switch the settings.
I Example 1
What is the future value (FV) on a principal amount of $1,000 (PV = −1000) invested or
borrowed for four years at 6% per annum, compounded yearly (C/Y = 1)? The entire payment
is due at the end of three years so the amount paid each year (PMT) is 0 and the number of
installment periods per year (P/Y) can be 1.
15-3-1
Compound Interest