20010101 0011101 2 3 3 compound interest press 2cmpd

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Unformatted text preview: per year C/Y : compounding periods per year The value of I%' is returned as the result of the I% calculation. 20010101 0011101 2-3-3 Compound Interest Press 2(CMPD) from the Financial 1 screen to display the following input screen for compound interest. 2(CMPD) n .................................. number of compound periods I% ............................... annual interest rate PV ............................... present value (loan amount in case of loan; principal in case of savings) PMT ............................ payment for each installment (payment in case of loan; deposit in case of savings) FV ............................... future value (unpaid balance in case of loan; principal plus interest in case of savings) P/Y .............................. installment periods per year C/Y .............................. compounding periods per year Important! Inputting Values A period ( n) is expressed as a positive value. Either the present value (PV ) or future value ( FV ) is positive, while the other (PV or FV ) is negative. Precision This calculator performs interest calculations using Newton’s Meth...
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