20050401
FV =
– (
PMT
×
n
+
PV
)
n
PMT =
–
PV
+
FV
PMT
n =
–
PV
+
FV
• A deposit is indicated by a plus sign (+), while a withdrawal is indicated by a minus sign (–).
u
u
u
u
u
Converting between the nominal interest rate and effective interest rate
The nominal interest rate (
I
% value input by user) is converted to an effective interest rate
(
I
%') when the number of installments per year (
P/Y
) is different from the number of
compound interest calculation periods (
C/Y
). This conversion is required for installment
savings accounts, loan repayments, etc.
P/Y
: installment
periods per year
C/Y
: compounding
periods per year
When calculating
n
,
PV
,
PMT
,
FV
The following calculation is performed after conversion from the nominal interest rate to the
effective interest rate, and the result is used for all subsequent calculations.
i = I%'
÷
100
When calculating
I
%
After
I
% is obtained, the following calculation is performed to convert to
I
%'.
I%' =
I%
(1 +
)
–1
[
C
/
Y
]
[
P
/
Y
]
100
{ }
×[
C
/
Y
]×
100
P/Y
: installment
periods per year
C/Y
: compounding
periods per year
The value of
I
%' is returned as the result of the
I
% calculation.
7-3-2
Compound Interest
I%' =
I%
(1 +
)
–1
[
C
/
Y
]
[
P
/
Y
]
100
× [
C
/
Y
]
{ }
×
100
Summary of Contents for fx-9860G AU PLUS
Page 1: ...fx 9860G AU User s Guide E http edu casio com ...
Page 2: ...Important Please keep your manual and all information handy for future reference ...
Page 27: ...20050401 1 1 Keys 1 1 1 Keys ...
Page 335: ...20050401 u u u u u Input Example u u u u u Results 6 5 25 Tests ...
Page 361: ...20050401 Calculation Result Output Example p F distribution probability 6 7 15 Distribution ...
Page 435: ...20050401 8 8 2 Program Library egcw w ww w ...
Page 437: ...20050401 8 8 4 Program Library Example 1 Example 2 fw baw bf w fw baw ca w ...
Page 439: ...20050401 8 8 6 Program Library wba wb w w d ...
Page 441: ...20050401 8 8 8 Program Library dw fcde wfcde wfcde fcde w daw w 20070101 ...
Page 443: ...20050401 8 8 10 Program Library b awaw bwaw aw x d w ...
Page 590: ...CASIO COMPUTER CO LTD 6 2 Hon machi 1 chome Shibuya ku Tokyo 151 8543 Japan SA0701 E ...