Activities
766
Finding the Interest Rate of an Annuity
Finding the Interest Rate of an Annuity
Finding the Interest Rate of an Annuity
Finding the Interest Rate of an Annuity
Perform the following steps to find the interest rate (
i
) of an annuity where the starting
principal (
p
) is 1,000, number of compounding periods (
n
) is 6, and the future value (
s
) is
2,000.
1. On the Home screen, enter the equation
to solve for
p
.
2. Enter the equation to solve for
n
.
3. Enter the equation to solve for i using the
with
operator.
solve(s=p
†
(1+i)^n,i) | s=2000
and
p=1000
and
n=6
Result: The interest rate is 12.246%.
Note:
•
To enter the “
with
” ( | ) operator:
2
[K]
•
Press
8 ¸
to obtain a floating-
point result.
Summary of Contents for Voyage 200
Page 36: ...Getting Started 36 D B D B Press Result ...
Page 45: ...Getting Started 45 3 0 D B D D B D Press Result ...
Page 46: ...Getting Started 46 D 2 0 0 2 D B Scroll down to October and press Press Result ...
Page 60: ...Getting Started 60 B D Press Result ...
Page 139: ...Previews 139 8 Complete the operation Press 2 d Steps and keystrokes Display 5 f 2 ...
Page 453: ...Differential Equation Graphing 453 ...
Page 468: ...Tables 468 ...
Page 777: ...Activities 777 ...