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Compound Interest with CMPD
Now scroll up to select [ I% ] and solve it.
Therefore the compounded annual increase rate of this stock for the last 5 years is
about 13.46%. █
The previous example shows that when sufficient information is provided, we could
calculate for most parameters available in CMPD mode. The next example is simple
annuity calculation made possible with the CMPD mode of FC-100V/FC-200V.
Example 5 ►>>
month. He misses his payments for November, December, January and February.
What payment will be required in March to put him back on schedule, if interest is at
14
4 .
%
?
j
=
12
In this example, Set = End, n = 5 (months), I% = 14.4, PMT = 250, P/Y = C/Y = 12. Other parameters
= 0.
Operation
Once entered CMPD mode, make sure that [Set:End] is shown. Enter 5 for [n],
14.4 for [ I% ], 0 for [PV], 250 for [PMT], 12 for both [P/Y] and [C/Y].
CMPD
0
EXE
EXE
1
Scroll up to select [FV] and solve it.
SOLVE
Hence JT needs to settle $1280.36 in March to get back on the loan repayment
schedule. █
For Understanding ►>>
replaced 10 years from now at a cost of $350,000. How much must be set aside
each year to provide that money if the company's savings earn interest at
QED Education Scientific
My friend JT was repaying a debt with payments of $250 a
5
EXE
1
2
5
0
2
EXE
A company estimates that a machine will need to be
SOLVE
•
4
4
EXE
1
Output: FV = -1280.362165
Output: I% = 13.46204842
EXE
2
j
=
2
Answer: $23977.37
3
8
%
?