3. On this screen, n = number of interest periods in days,
I% = annual interest rate, and PV = principal or present
value. To calculate for 5 years, enter 365 x 5 as n. The
calculator will automatically convert the years to total
number of days. Fill in the values as shown on the right.
Then press
w(SFV).
4. Therefore, Amanda has $600 in five years.
(1c) How to calculate compound interest using the Casio fx-9860GII
Amanda is considering a savings account that pays 3.75% interest compounded annually for 5
years.
1. From the main menu, highlight the TVM icon
and press
l. (If the correct screen does not appear,
press d until it does. This occurs when the last
operation performed on the calculator was in the same
menu.)
2. Press
w(Compound Interest).
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