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Annuity Calculations
Special Functions for Monthly
Compounding or Payment Periods
0 h (Monthly Interest)—Divides the
number in the display by 12 and displays the
result. This number can then be stored as the
monthly interest rate (%i). To use the 0 h
key sequence:
1. Enter the annual interest rate for a
compound interest or annuity problem.
2. Press 0 h.
Then press I to store the result.
The two steps above have the same effect as
entering the number of years and then pressing
m 12 l.
0 i (Number of Monthly Payments)—
Multiplies the number in the display by 12 and
displays the result. This number can then be
stored as the number of compounding periods
or payment periods (N). To use the 0 i key
sequence:
1. Enter the number of years for a compound
interest or annuity problem with monthly
compounding or payment periods.
2. Press 0 i.
Then press C to store the result.
The two steps above have the same effect as
entering the number of years and then pressing
n 12 l.
(Continued)
22
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