– 49 –
OPERATION
DISPLAY
.05
0.05
0.05
÷
Annual int. rate
4
4. =
0.0125
Quarterly int. rate
0.0125
0.0125
0.0125
+
1
1.0125
1.
+
1.0125
◊
(1
+
i)
1.0125
1.0125
×
1.0125 =
1.02515625
(1
+
i)
2
1.02515625
1.02515625
1.02515625
×
1.02515625 =
1.050945336
(1
+
i)
4
1.050945336
1.050945336
1.050945336
×
1.050945336 =
1.104486099
(1
+
i)
8
1.104486099
1.104486099
1.104486099
×
1.104486099 =
1.219889542
(1
+
i)
16
1.219889542
1.219889542
1.219889542
×
6150
6,150. = Principal
7,502.320683
New balance
7,502.320683
(QS-1760H):