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62
Section 3: Basic Financial Functions
Keystrokes
gÂ
M
Example 2: If you deposit $50 a month (at the beginning of each month) into a
new account that pays 6.25% annual interest compounded monthly, how much
will you have in the account after 2 years ?
Keystrokes
fCLEARG
2gA
6.25gC
50ÞP
g×
M
Display
Sets payment mode to End.
–1,363.29
Amount of balloon payment.
–222,975.98
Display
Calculates and stores n.
24.00
Calculates and stores i.
0.52
Stores PMT (with minus sign for cash
–50.00
paid out).
Sets payment mode to Begin.
–50.00
Balance after 2 years.
1,281.34
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