2
1.
Calculator can be in any MODE.
Key in I.0912nd[
0,
Key in 3[;]
GJ
,
Key in 1000 [;].
The screen
should display 1,295.029.
In this function,
y
= 1.09 and
x
= 3.
2.
Calculator in "Fin" MODE.
Key in 1000jPV[, Key in 9BTI, Key in 3lliJ ICPTIIFVI.
The screen should display 1,295.029.
Present
Value:
We use Example I.5(a) to illustrate this function.
The present value of 1,000,000 due in 25 years at effective annual rate
.195 is 1,000,
000v25
= 1,000,000(l.195r25
= 11,635.96.
This can be found using the calculator in two ways:
1.
Calculator can be in any MODE.
Key in 1.19512nd[
0,
Key in 251+/-1 [;] GJ, Key in 1000000. [;].
The screen should display 11,635.96
This keystroke sequence can be replaced by:
Key in 1.195 12nd[ 11Ix[12nd[
0,
Key in 25
[;] GJ,
Key in 1000000 [;] .
2.
Calculator in "Fin" MODE.
Key in 1000000
I
FV
I
,
Key in 19.5 BTI,
Key in 25 lliJ ICPTllpvl,
The screen should display 11,635.96.
As a more general procedure, in the equation
(PV)(l+i)N
=
FV,
if any 3
of the 4 variables PV,
i
,
N,
FV are entered, then the
4th
can be found
using the ICPT[ function.