Question about Sharp EL-738 Scientific Calculator

Invest R10000 in a bank investing at 14% compounded twice a year.

A = P(1+i)^n, where A is the amount, P is the principal or initial investment, i is the interest rate per period, and n is the number of periods.

If the annual rate is 14%, the semi-annual rate is 7%. One year is now composed of 2 6-month periods.

So after one year, we have A = 10 000 (1.07)^2 or 11,449.

Good luck,

Paul

Posted on Jun 20, 2016

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Posted on Jan 02, 2017

SOURCE: invalid computation

Hmmm, I don't think the problem is with your calculator. I'd be checking the accounting question again as I don't think you've got your annuity question structured right.

4 Year Annuity

14% Annual Interest Rate

Your contributing $4,000 per year over the next 4 years

and you already know the future value is $50,069?

You'd have to make annual payments of $11,878.93 (4 of them) at that annual interest rate to get to a future value of $50,069 (which has a present value of $43,632.24).

Are you sure that the FV isn't the trade in value at the end of the 4 years?

Posted on Mar 30, 2008

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.

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

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

A=P(1+i)^n, where P is the Principal, i is the interest rate per period, and n is the number of periods.

A=10,000(1+0.075)^3, assuming the interest is compounded annually

For 30 years, we would replace the number of period 3 with a 30.

Good luck,

Paul

A=10,000(1+0.075)^3, assuming the interest is compounded annually

For 30 years, we would replace the number of period 3 with a 30.

Good luck,

Paul

Apr 05, 2014 | Texas Instruments TI 30XIIS Scientific...

4 5 0 0 0 +/- PV (investment amount, negative because you're paying it out)

2 5 0 0 0 0 FV (desired amount, positive because you're receiving it)

2 0 SHIFT xP/YR (20 years)

I/YR (calculate annual interest rate)

2 5 0 0 0 0 FV (desired amount, positive because you're receiving it)

2 0 SHIFT xP/YR (20 years)

I/YR (calculate annual interest rate)

Jan 23, 2011 | HP 10bII Calculator

Ali decides to invest a certain sum of money in business at the end of each year in the form of an annuity. He wants to get a sum of Rs.40, 000 after 20 years. If the payments accumulate at expected profit of 8% compound annually, how much should he start investing annually?

Jan 15, 2011 | Philips RQ1150 SensoTouch Rechargeable...

about 30744.87

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Jan 13, 2011 | Intel PENTIUM-4 865GV CHIP MOTHER BOARD...

Ali decides to invest a certain sum of money in business atthe end of each year in the form of an annuity. He wants to get a sum of Rs.40,000 after 20 years. If the payments accumulate at expected profit of 8%compound annually, how much should he start investing annually?

Jan 13, 2011 | Health & Beauty

Ali decides to invest a certain sum of money in business atthe end of each year in the form of an annuity. He wants to get a sum of Rs.40,000 after 20 years. If the payments accumulate at expected profit of 8%compound annually, how much should he start investing annually?

Jan 13, 2011 | Philips HQ 9100 Electric Shaver

Ali decides to invest a certain sum of money in business atthe end of each year in the form of an annuity. He wants to get a sum of Rs.40,000 after 20 years. If the payments accumulate at expected profit of 8%compound annually, how much should he start investing annually?

Jan 12, 2011 | Oster 76076-010 Hair Trimmer

Jan 12, 2011 | Health & Beauty

Try the FV function
**Syntax**

**FV**(**rate**,**nper**,**pmt**,pv,type)

Nov 03, 2007 | Computers & Internet

Dec 04, 2013 | Sharp EL-738 Scientific Calculator

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