Future Value
Given any four components to a prob-
lem which includes a future value, you
can calculate the fifth.
Appreciation
You buy a house for $200,000 and want
to know what it will be worth in 3 years
figuring an inflation or appreciation rate
of 8.5%. (Set pay periods to one per year
and Simple Interest mode.)
Steps/Keystrokes
Display
1. Set to Simple Interest:
[Set] [9]
8.59
2. Clear calculator:
[On/C] [On/C]
0.00
3. Set to 1 payment per year:
1 [Set] [÷]
1.00
4. Enter present value:
200,000 [L/A]
200,000.00
5. Enter term in years:
3 [Term]
3.00
6. Enter appreciation rate then find the
future value:
8.5 [Int]
8.50
[FV] “run”
255,457.83
7. Set back to 12 payments per year:
12 [Set] [÷]
12.00
8. Return to Canadian Mortgage Mode:
[Set] [9]
CdA 8.65
User’s Guide — 33
