3. On this screen, n = number of interest periods,
I% = annual interest rate, and PV= principal or present
value. Fill in the values as shown on the right, pressing
l after each entry. Then press y(FV).
4. Amanda has $601.05 in five years.
(1d) How to calculate future value of an investment using the Casio fx-9860GII
Suppose you invest $2,600 into a savings account with a 4.25% annual interest rate that
compounds interest quarterly. Determine the balance in the account after five 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. From this screen choose
w(Compound Interest).
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