Casio BF-100 - Page 22

Example — If you borrow on March 10, and make monthly payment on every 25th, and
first bonus payment on June 20:
Mar. 1 Apr. 1 May. 1 Jun. 1 Jul. 1 Aug. 1
1 }
-—-
Date
of
bonus
payment
(June
20)
gi
SS,
Date
of
first
monthly
payment
(March
25)
-
eect
:
earns
Date
of
borrowing
(March
10)
For the period between,March 25 and April 24,772 = 1;
for the period between April 25 and May 24, 11 = 2:
for the period between May 25 and June 24, 777 = 3.
In
the
formula
to
calculate
£,
the
number
of
bonus
payments,
if
~!
%
i”
isan
integer
(O,
1,
2,....), the next bonus payment is included in the calculation.
-~-AO-
Example
—
If
the
first
bonus
i
ri
i
Payment
is
earlier
than
the
first
m
are
paying
back
in
six
months:
pine
PAY
et
ang
~
Jun.
1
Jul.
1
Aug.
1
Sep.
1
Oct.
1
Nov.
1
Dec.
1
an
os
pan
To
mmm
———=
Date
of
first
monthly
payment
(June
25)
ae
“===
Date
of
bonus
payment
(June
20)
Won
ae
2
ow
anne
mn
Data
of
borrowing
a
cy
a
Di
aoe
fat
gals
hs
Me
integer
This
makes
¢,
the
number
of
bonus
payments,
two.
*You
may
want
to
reduce
the
number
of
bonus
payments
by
one
when
“2=™
is
an
integer.
Or
you
may
want
to
input
O
i
:
cae
ene
p
(zero)
for
m1.
\f
SO,
Input
m
+
1
for
m,
and
BNS
Example
—
eae
:
~
ea
payment
when
$40,000
is
borrowed
on
March
10,
annual
erest
rate
is
6.7%,
repayment
period
is
10
years
a
.
:
,000
is
to
be
paid
twice
a
year?
:
pees
ener
neni
et
ssume
that:
1)
each
monthly
payment
is
mad
@
on
the
25th
of
:
and
2)
the
first
bonus
Payment
is
made
on
June
20.
panerenn
-~A1l-—
fo ee