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Casio Financial Consultant Casio Financial Consultant A Supplementary Reader - Part 2 An Electronic Publication By QED Education Scientific...
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Contents CASIO Financial Consultant: A Supplementary Reader - Part 2 CONTENTS Page Introduction Compound Interest with CMPD Doing Amortization with AMRT FC-200V & FC-100V Comparison Chart QED Education Scientific...
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QED Education Scientific Sdn. Bhd. This publication makes reference to the Casio FC-200V and FC-100V Financial Consultants. These model descriptions are the registered trademark of Casio Computer Inc.
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2 for [n], 12 for [ I% ], (-)1000 for [PV], 0 for [PMT], 1 for [P/Y] and 2 for [C/Y]. CMPD (─) Screenshot from Casio TVM Scroll up to select [FV] and solve it. SOLVE Output: FV = 1262.47696 So the future value (sum of principal and accumulated interest) is approximately $1262.48.
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Enter 25x12 for [n], 6.25 for [ I% ], (-)100,000 for [PV], 12 for [P/Y] and 12 for [C/Y]. CMPD (─) • Screenshot from Casio TVM Scroll up to select [PMT] and solve it. SOLVE Output: PMT = 659.6693783 Therefore the monthly installment of the mortgage loan is about $659.70.
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The previous example shows that when sufficient information is provided, we could calculate for most parameters available in CMPD mode. The next example is simple annuity calculation made possible with the CMPD mode of FC-100V/FC-200V. My friend JT was repaying a debt with payments of $250 a Example 5 ►>>...
Doing Amortization with AMRT Doing Amortization with AMRT The AMRT mode of 100V/200V allows user to perform amortization, which shares many parameters/variables with the CMPD mode. In examples that follow we shall be able to see the advantage of such ‘sharing’. Note that some amortization problems are actually simple annuity problems which we can solve using the CMPD mode (refer to Example 5 of Compound Interest with CMPD).
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Enter CMPD mode and make sure calculator displays [Set:End]. Then scroll down and enter 36 for [n], 3 for [ I% ], (-)35000 for [PV], 0 for [FV], 12 for [P/Y] and [C/Y]. CMPD (─) Screenshot from Casio TVM QED Education Scientific...
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The monthly payment is about $1017.84. Next, to find the total interest paid in the second year. Enter AMRT mode and scroll down to enter 13 for [PM1] and 24 for [PM2]. AMRT Screenshot from Casio TVM Scroll down further to select [ INT:Solve] and solve it. ∑...
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Doing Amortization with AMRT Now scroll up to select [PMT] and solve it. SOLVE Output: PMT = 629.8081691 The monthly repayment amount is $629.81. Next, find the outstanding principal after 2 years. Enter AMRT mode and scroll down to enter 1 for [PM1] and 24 for [PM2]. Then, scroll to select [BAL:Solve] and solve it.
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CMPD mode for comparison. Enter CMPD mode, enter 28 (less 20 months) for [n], 13.5 for [ I% ], (-)6045.78 for [PV]. Other parameters’ values are retained. CMPD (─) • • Screenshot from Casio TVM QED Education Scientific...
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Doing Amortization with AMRT SOLVE Output: PMT = 252.9130458 With [PMT] now selected, press to solve it. Thus the new monthly payment is $252.91, which exceeds the original monthly payment of $235. Clearly the re-financing exercise is not profitable. █ QED Education Scientific...