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

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335
Perform the following key operations from the input screen.
b*bc w
(Input
n
= 1
×
12.)
e.f
w
- baaa w
(
PV
= –1,000)
- faa w
(
PMT
= –500)
c
bc w
(Monthly installments)
(Monthly compounding)
5
(
FV
)
u u
u u
u
Borrowing power
Example Calculate how much can be borrowed on a 15-year loan at a
7.5% annual interest rate, compounded monthly, if a payment
of $450 per month can be made.
In the set up screen, specify “
End
” for Payment and then press
J
.
Perform the following key operations from the input screen.
bf*bc w
(Input
n
= 15
×
12.)
h.f w
c
- efa w
(
PMT
= –450)
a w
(
FV
= 0)
bc w
(Monthly installments)
(Monthly compounding)
3
(
PV
)
u u
u u u
Loan installments
Example Calculate the size of the monthly installment for a 25-year
$300,000 home loan made at 6.2%, compounded semiannually.
In the set up screen, specify “ End ” for Payment and then press
J
.
Perform the following key operations from the input screen.
cf*bc w
(Input
n
= 25
×
12.)
g.c w
daaaaa
w
(
PV
= 300,000)
c
a w
(
FV
= 0)
bc
w
(Monthly installments)
c w
(Semiannual compounding)
4
(
PMT
)
Compound Interest Calculations
19 - 3
P.7
P.7