Casio CFX-9850GB PLUS Getting Started

FINANCIAL MATHEMATICS
Annuities and Loan Repayments
Amortisation describes the process used to calculate the principal to interest portion
of an installment (for example monthly), the remaining principal and the amount of
principal and interest repaid up to any point to repay a debt.
Defined as: Amortise – gradually extinguish (debt) by money regularly put aside.
OPTIONS AVAILABLE IN F4 – AMORTISATION
BAL - balance of principal remaining after installment PM2
INT - interest portion of installment PM1
PRN - principal portion of installment PM1
Σ
ΣΣ
ΣINT - total interest from installment PM1 to payment of installment PM2
Σ
ΣΣ
ΣPRN - total principal from installment PM1 to payment of installment PM2
Loan schedule 1
Initially, consider the repayments required to repay a loan of $200,000.00 at 6.5%
p.a, repaid monthly (and compounded monthly) over a 30-year period.
Enter the TVM module from the main menu, then press Compound Interest (F2)
Perform the following key operations from the input screen:
n = 30 x 12 EXE (360 months)
I% = 6.5 EXE (6.5% p.a)
PV = 200 000 EXE (Purchase Value = $200 000)
PMT = arrow down
FV = 0 EXE (Future Value = $0)
P/Y = 12 EXE (Payments per year)
C/Y = 12 EXE (Compounded monthly)
Press PMT (F4) to evaluate the amount of each payment for the period of the loan.
Press AMT (F4) to enter into the Amortisation module.
PM1 = initial installment
PM2 = final installment

Casio CFX-9850GB PLUS Specifications

General

Digits	46 digits
Display size (HxV)	21 8 mm
Memory type	28kb
Battery type	AAA

Weight and Dimensions

Weight	215 g
Dimensions (WxDxH)	90 x 25 x 183 mm