Casio FX-9750G plus User Manual page 363

P.7
P.7
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Perform the following key operations from the input screen.
b*bcw(Input
e.fw
-baaaw(
-faaw(
c
bcw(Monthly installments)
(Monthly compounding)
FV
)
5(
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.
Perform the following key operations from the input screen.
bf*bcw(Input
h.fw
c
-efaw(
FV
aw(
bcw(Monthly installments)
(Monthly compounding)
PV
)
3(
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.
Perform the following key operations from the input screen.
cf*bcw(Input
g.cw
daaaaaw(
c
FV
aw(
bcw(Monthly installments)
cw(Semiannual compounding)
PMT
)
4(
manuals search engine
Compound Interest Calculations
n = 1 × 12.)
PV
= –1,000)
PMT
= –500)
= 15 × 12.)
n
PMT
= –450)
= 0)
n = 25 × 12.)
PV
= 300,000)
= 0)
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