Financial Calculations Worksheet Page 15
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3019 - 3
Compound Interest Calculations
Perform the following key operations from the input screen.
= 1 × 12.)
b*bcw(Input
n
e.fw
-baaaw(
PV
= –1,000)
-faaw(
PMT
= –500)
c
bcw(Monthly installments)
(Monthly compounding)
5(
FV
)
u u u u u Borrowing power
Example
Calculate how much can be borrowed on a 15-year loan at a
7.5% annual interest rate, compounded monthly, if a payment
of $450 per month can be made.
In the set up screen, specify “End” for Payment and then press J.
P.7
Perform the following key operations from the input screen.
= 15 × 12.)
bf*bcw(Input
n
h.fw
c
-efaw(
PMT
= –450)
aw(
FV
= 0)
bcw(Monthly installments)
(Monthly compounding)
3(
PV
)
u u u u u Loan installments
Example
Calculate the size of the monthly installment for a 25-year
$300,000 home loan made at 6.2%, compounded semiannually.
In the set up screen, specify “End” for Payment and then press J.
P.7
Perform the following key operations from the input screen.
= 25 × 12.)
cf*bcw(Input
n
g.cw
daaaaaw(
PV
= 300,000)
c
aw(
FV
= 0)
bcw(Monthly installments)
cw(Semiannual compounding)
4(
PMT
)
335
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