Casio FC-200V User Manual

Compound Interest with CMPD
QED Education Scientific
3
SOLVE
EXE
CMPD
0
5
EXE
4
5
EXE
EXE
SOLVE
1
•
2
0
1
2
EXE
4
EXE
1
2
 Now scroll up to select [I%] and solve it.
Therefore the compounded annual increase rate of this stock for the last 5 years is
about 13.46%. █
The previous example shows that when sufficient information is provided, we could
calculate for most parameters available in CMPD mode. The next example is simple
annuity calculation made possible with the CMPD mode of FC-100V/FC-200V.
Example 5 ►>> My friend JT was repaying a debt with payments of $250 a
month. He misses his payments for November, December, January and February.
What payment will be required in March to put him back on schedule, if interest is at
%4.14
12
=j ?
In this example, Set = End, n = 5 (months), I% = 14.4, PMT = 250, P/Y = C/Y = 12. Other parameters
= 0.
Operation
 Once entered CMPD mode, make sure that [Set:End] is shown. Enter 5 for [n],
14.4 for [I%], 0 for [PV], 250 for [PMT], 12 for both [P/Y] and [C/Y].
 Scroll up to select [FV] and solve it.
Hence JT needs to settle $1280.36 in March to get back on the loan repayment
schedule. █
For Understanding ►>> A company estimates that a machine will need to be
replaced 10 years from now at a cost of $350,000. How much must be set aside
each year to provide that money if the company’s savings earn interest at %8
2
=j ?
Answer: $23977.37
Output:
I
%
=
13
.
46204842
Output
:
FV
=
-
1280
.
362165

Casio FC-200V Specifications

General

Type	Financial
Form factor	Pocket
Housing material	Plastic
Digit comma separator	Yes
Display number of lines	4 lines
Digit comma separator format	Standard (3 digits)
Battery type	AAA
Number of batteries supported	1

Weight and Dimensions

Weight	105 g
Dimensions (WxDxH)	80 x 161 x 12.2 mm