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334
u
u
u
u
u
Number of installments
Example
Calculate the number of years it will take to repay a $60,000
loan borrowed at 5.5%, compounded monthly, with monthly
installments of $840.
In the set up screen, specify “
End
” for Payment and then press
J
.
Perform the following key operation from the input screen.
c
f.f
w
gaaaa
w
(
PV
= 60,000)
-
iea
w
(
PMT
= –840)
a
w
(
FV
= 0)
bc
w
(Monthly installments)
(Monthly compounding)
1
(
n
)
u
u
u
u
u
Effective interest rate
Example
Calculate (to two decimal places) the effective interest rate
compounded monthly, on a 25-year $65,000 loan repaid with
$460 monthly installments.
In the set up screen, specify “
End
” for Payment, “
Fix2
” for Display, and then press
J
.
Perform the following key operation from the input screen.
cf*bc
w
(Input
n
= 25
!
12.)
c
gfaaa
w
(
PV
= 65,000)
-
ega
w
(
PMT
= –460)
a
w
(
FV
= 0)
bc
w
(Monthly installments)
(Monthly compounding)
2
(
I
%)
19 - 3
Compound Interest Calculations
P.7
P.7
P.6
Содержание CFX-9970G
Страница 22: ... CFX 9970G ...
Страница 62: ...Manual Calculations 2 1 Basic Calculations 2 2 Special Functions 2 3 Function Calculations Chapter 2 ...
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