Financial Calculations Worksheet Page 13
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3019 - 3
Compound Interest Calculations
Perform the following key operations from the input screen.
= 5 × 12.)
f*bcw(Input
n
gw(
I
= 6.0%)
aw(
PV
= 0)
-cfaw
c
bcw(Monthly installments)
(Monthly compounding)
5(
FV
)
Specifying “Begin” for Payment in the set up screen changes to calculation of
P.7
installments at the beginning of each month.
5(
FV
)
u u u u u Installment amount
Example
Calculate the amount required for each installment to
accumulate a total of $10,000 in 5 years at an annual interest
rate of 6%, compounded semiannually.
P.7
In the set up screen, specify “End” for Payment, “Norm1” for Display, and then
press J.
P.6
Perform the following key operations from the input screen.
= 5 × 12.)
f*bcw(Input
n
gw(
I
= 6.0%)
aw(
PV
= 0)
c
baaaaw(
FV
= 10,000)
bcw(Monthly installments)
cw(Semiannual compounding)
4(
PMT
)
333
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