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Casio SERIES FX-9860G User Manual

Page 379

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20070201

Press

2(CMPD) from the Financial 1 screen to display the following input screen for

compound interest.

2(CMPD)

n

.................................. number of compound periods

I

% ................................ annual interest rate

PV

............................... present value (loan amount in case of loan; principal in case

of savings)

PMT

............................ payment for each installment (payment in case of loan;

deposit in case of savings)

FV

............................... future value (unpaid balance in case of loan; principal plus

interest in case of savings)

P

/

Y

.............................. installment periods per year

C

/

Y

.............................. compounding periods per year

Important!

Inputting Values

A period (

n

) is expressed as a positive value. Either the present value (

PV

) or future value

(

FV

) is positive, while the other (

PV

or

FV

) is negative.

Precision

This calculator performs interest calculations using Newton’s Method, which produces
approximate values whose precision can be affected by various calculation conditions.
Because of this, interest calculation results produced by this calculator should be used
keeping the above limitation in mind or the results should be verifi ed.

7-3-3

Compound Interest