Number Of Periods - Monroe 3180 User Manual

EXAMPLE: What semi-annual deposit is required to accumulate $50,000.00 in 15 years at 8%
compounded semi-annually? The account is opened with and initial deposit of $500.00.
ENTER
9
2
30
500
50000

NUMBER OF PERIODS

The N key calculates the number of payments to obtain a future value or the number of compound
periods required for a present value to obtain a future value. (when computing Number of Periods the
result is always displayed without a fraction, N is not rounded in any way. In some cases, this will cause
the number of payments to be one less than the actual number of periods.)
EXAMPLE: How many monthly deposits of $200.00 are required to accumulate $20,00.00 at 5.75%
compounded monthly?
ENTER
5.75
12
0
20000
200
36
PRESS RESULTS DISPLAYED
COUPON Coupon Rate 9.000%
COUPONS Componds/Year 2
PER YEAR
N Number of Periods 30
PRESENT Present Value 500.00
VALUE
FUTURE Future Value 50,000.00
VALUE
PAYMENT Payment Amount 788.88
PRESS RESULTS DISPLAYED
COUPON Coupon Rate 5.750%
COUPONS Coupons/Year 12.
PER YEAR
PRESENT Present Value 0.00
VALUE
FUTURE Future Value 20,000.00
VALUE
PAYMENT Payment Amount 200.00
N Number of Periods 82
MONROE TRADER II