Casio fx-9750G PLUS - Manual (Page 359)

331
k k k k k Savings
u u u u u Future value
Example Calculate the future value after 7.6 years for a principal of $500
and an interest rate of 6%, compounded annually.
Perform the following key operations from the input screen.
h.gw ( n = 7.6 years)
gw ( I = 6%)
- faaw ( PV = –500)
aw ( PMT = 0)
aw ( FV = 0)
bw
bw (Annual compounding)
5 ( FV )
u u u u u
Principal
Example Calculate the principal required at 5.5%, compounded monthly,
to produce a total of $20,000 in a year.
Perform the following key operations from the input screen.
bw (Input n = 1.)
f.fw ( I = 5.5%)
c
aw ( PMT = 0)
caaaaw ( FV = 20,000)
bw
bcw (Monthly compounding)
3 ( PV )
u u u u u Compound interest rate
Example Calculate the interest required, compounded monthly, to
produce a total of $10,000 in 10 years on an initial investment
of $6,000.
In the set up screen, specify “ Begin” for Payment and then press J.
Compound Interest Calculations
19 - 3
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