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Calculate compound interest on hp10bll+ - HP 10bII Calculator

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Please help me solve this equation. What is the principal that must be invested for 6 years at 10.5% to earn R2200.50 simple interest


With simple interest, there is no compounding. To earn 2200.50 interest in six years, you need to earn 2200.50/6 = 366.75 each year. In order to earn 366.75 at 10.5%, you need a principal of 366.75/10.5% = 3492.86.

If the interest is compounded annually then you only need to invest 2682.13.

May 03, 2014 | Casio FX-115ES Scientific Calculator

1 Answer

Compound interest


Assuming the 28k is put in as one lump sum each year and that the interest is compounded annually, then after 15 years I calculate $453,329
You can use the following online calculator to make adjustments, check my calculations, modify any factors, etc...
http://www.bankrate.com/calculators/savings/compound-savings-calculator-tool.aspx

Nov 18, 2013 | Computers & Internet

1 Answer

How do i get rid of the letter c in my display


This indicates that the calculator is using compound interest for the odd period. To toggle between simple and compound interest, press STO then EEX.

Jun 23, 2012 | HP 12c Calculator

1 Answer

I cannot get the textbook answer (online calculators are also the same as textbook answer) using my sharp calculator EL738: Monthly payment for $184,500 at 6.75% interest semi annually, for 5 year term...


Your result is for the 6.75% interest compounded monthly. The problem states that the interest is compounded semiannually. This makes a difference in the effective interest rate.

A 6.75% APR compounded semiannually gives an effective interest rate of about 6.864%:
Press 2 , 6 . 7 5 2nd >EFF

Converting this to APR gives about 6.657%:
Press 1 2 , 6 . 8 6 4 2nd >APR

If you use 6.657 for the interest rate instead of 6.75 you should get the correct result.

Feb 22, 2011 | Sharp EL-738 Scientific Calculator

1 Answer

What buttons do I push in what order to figure compound interset. if I start with$15,000.00 at 6% interset for 25 years. I am on a texas instrument ba 2 plus


If the interest is compounded monthly:

2nd [CLR TVM] (clear any existing results)
1 5 0 0 0 _/- PV (present value, negative because you're paying it out)
6 I/Y (annual interest rate)
25 2nd [*P/Y] N (25 years)
CPT FV (compute future value, see 66,974.55)

If the interest is compounded annually:

2nd [CLR TVM] (clear any existing results)
1 5 0 0 0 _/- PV (present value, negative because you're paying it out)
6 I/Y (annual interest rate)
2nd [P/Y] 1 ENTER 2nd [QUIT] (one compounding period per year)
25 N (25 years)
CPT FV (compute future value, see 64,378.96)

Oct 26, 2010 | Texas Instruments BA-II Plus Calculator

1 Answer

When the calculator is turned on, the display reads 0,00 and then in the below right side there is a letter C. How do I clear this?


If the C indicator is displayed it reminds you that interests are compound interests. It it does not show, interests calculated are simple.
To toggle between compound and simple interests, press the key sequence [STO][EEX].

Dec 15, 2009 | HP 12c Calculator

2 Answers

TI 83


Yes you can use it, here is the formula: Y= V(t+ (i/c))^(tc) V=amount put in, t=time, i=intrest rate, c= amount of times it is compounded.
(I know this because I have a TI-83 calculator)

Mar 27, 2009 | Texas Instruments TI-83+ Graphing...

2 Answers

How is interest calculated on recurring deposit accounts in banks


Recurring deposit interest is calculation may vary depends on compounding period. You have to invest an amount every month interest will be calculated for the current holding in your recurring deposit account. And every compounding period interest amount will be added into holdings or available balance. You can calculate the Recurring deposit using this recurring deposit calculator

Mar 26, 2009 | Computers & Internet

1 Answer

Compound interest


http://www.sharpusa.com/files/cal_man_EL531_509.pdf.

Feb 16, 2008 | Sharp EL-531VB Calculator

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