Future Value; Appreciation/Future Value; Basic Savings Account Problem (Future Value Of An Initial Deposit) - Calculated Industries 3423 User Manual

Future Value

Given any four components to a problem that includes a future
value, you can calculate the fifth.
Appreciation / Future Value
You purchased a home for $210,000 and want to know what it will
be worth in 3 years, figuring an inflation or appreciation rate of 6%.
(Set periods to one per year.)
STEPS
Clear calculator
Set to 1 payment per year 1 s ÷
Enter present value
Enter term in years
Enter appreciation rate
Find future value
Return to 12 Payments/year 1 2 s ÷
Basic Savings Account Problem
(Future Value of an Initial Deposit)
What is the future value of an initial deposit of $15,000 after 5 years,
if interest is compounded monthly and the interest rate is 3%?
STEPS
Clear calculator
Recall Payments/year*
Enter savings deposit into Loan
Amount (Present Value)
Enter Interest rate
Enter Term in years
Find Future Value
*Calculator must be set to default of 12 periods per year, for compounding monthly. If
it isn't, enter 1 2 s ÷ .
KEYSTROKES
o o
2 1 0 ) l
3 T
6 ˆ
s l
KEYSTROKES
o o
® ÷
1 5 ) l
3 ˆ
5 T
s l
DISPLAY
210,000.00
"run" 250,750.98
12.00
DISPLAY
12.00
15,000.00
17,408.11
U ' G — 37
SER S UIDE
0.00
1.00
3.00
6.00
0.00
3.00
5.00