Compound Interest/Annuity Functions; Future Value Calculation - Monroe 3180 User Manual

COMPOUND INTEREST/ANNUITY FUNCTIONS

The compound interest functions provide present value, future value, N (Number of Periods) and payment
calculations. In all cases the annual interest rate is entered on the COUPON key and the number of
compounding periods is entered on the COUPONS PER YEAR key. The Security Code and other status
modes in the display have no meaning for the Compound Interest/Annuity functions.

FUTURE VALUE CALCULATION

What is the balance of a saving account, paying 6% annually – compounded monthly, at the end of 6
months. There is an initial balance of $1,000.00 in the account.
ENTER
6
12
6
50
PRESS RESULTS DISPLAYED
COUPON Coupon Rate 6.000%
COUPONS Coupons/Year 12.
PER YEAR
N Number of Periods
PAYMENT Payment Amount 50.00
MONROE TRADER II
6.
33