Casio CFX-9850G PLUS, User'S Manual & Technical Reference

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332
Perform the following key operations from the input screen.
ba w
(Input
n
= 10.)
c
-
gaaa
w
(
PV
= –6,000)
a w
(
PMT
= 0)
baaaa w
(
FV
= 10,000)
b w
bc w
(Monthly compounding)
2
(
I
%)
u u
u u u
Compound interest period
Example Calculate the amount of time required to increase an initial
investment of $5,000 to a total of $10,000 at an annual rate of
4%, compounded monthly.
In the set up screen, specify “ End ” for Payment and then press
J
.
Perform the following key operations from the input screen.
c
e w
(
I
% = 4)
- faaa w
(
PV
= –5,000)
a w
(
PMT
= 0)
baaaa w
(
FV
= 10,000)
b w
bc w
(Monthly compounding)
1
(
n
)
u u
u u
u
Installment savings
Example Calculate (to two decimal places) the principal plus interest for
$250 monthly installments for five years at 6% annual interest,
compounded monthly.
Calculate amounts for when installments are made at the
beginning of each month and at the end of each month.
In the set up screen, specify “
End
” for Payment and “
Fix2
” for Display, and then
press
J
.
19 - 3
Compound Interest Calculations
P.7
P.7
P.6