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What is the formula to figure 4% daily on 380,000.00 ? Or on any amount ?


premium X % X time
so 380,00000 X4/100 X 1 year
it calculated as the amount ( premium ) multiplied by the percentage of 100 multiplied by the period in years or parts of a year
so it can be 100 X 25% or 1/4(25/100) by the period (5 years or daily (1/365 of a year)
This is known as simple interest
compound interest is calculated on remaining premium after payment X the interest rate by the day or week or month
so for example 100 X 4/100 X 1/12 is the first calculation for the month and for the next month the calculation will be premium of 80 ( if a 20 payment was made in the month X 4/100 X 1/12 and so on if payment are made on time
pm the other hand if no payment are made then the premium goes up by the interest rate
so for the next month it is 104 X 4/100 X 1/12 and the month after that 108.16 X 4/100 X 1/12.and so on
banks use compound when calculating home loan repayments and simple interest when paying interest on your deposits
( has to be in the bank for 367 days to get the interest paid )

Nov 30, 2017 | The Computers & Internet

3 Answers

What is a Term Insurance Premium Calculator?


Term Insurance calculator, calculates premiums based on input of age, gender, sometimes occupation , marital status at time of application. Term Insurance has no investment value other than pay on *****. It is a pay as you go insurance that may lock in a premium for a determined period of time. Can be good for children and young people. Usually it is more expensive the older you are when you apply.

Sep 28, 2017 | Finance

1 Answer

How to calculate npv


Hi there,

To calculate present value you need to type in all the other missing values and then press COMP and PV.
For example: if the future value is R5000, the interest is 12% p.a. compounded monthly and it paid over 3 years.
Type in 5000 and press FV
type in 12 and I/Y
Press 2nd F and I/Y and make sure P/Y says 12 (for 12 payments per year).
Press ON
press 3 press 2nd F N and then press N again (for 36 payments in total). Make sure your screen says ANS -> N otherwise the calculation will not work.
Now if if your payments are 0 (in other words you are not making monthly payments) then press 0 and PMT,
Otherwise, if you are making monthly payments for e.g. R200 a month, type in +/- 200 PMT.
Now calculate your original amount by pressing COMP PV.
If you made no payments your original amount should be -3494.62
And if you chose to add payments your original amount should be
2 526.88.

May 30, 2014 | Sharp EL-738 Scientific Calculator

1 Answer

2-ply paper


The Casio HR-8TM only takes the 2 1/4 calculator paper.

Sep 29, 2013 | Casio HR8TM Calculator

1 Answer

45,000 to invest.want to have 250,000 in 20 years. what rate of interest do i need if its compounding monthly?


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)

Jan 23, 2011 | HP 10bII Calculator

1 Answer

How do i calculate a mortgage payment on a ba II plus calculator


Enter the number of months, press N. Enter the annual interest rate, press I/Y. Enter the amount of the loan, press PV. Press CPT then PMT to calculate the amount of the monthly payment.

Full details, as well as how to do other types of calculations, are in the manual.

Nov 10, 2010 | Texas Instruments BA-II Plus Calculator

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

2 Answers

Loan Balance


set your p/y to 12( compounding periods per year). I think you are calculating for a one year loan?

Nov 18, 2008 | Texas Instruments BA-II Plus Calculator

1 Answer

Excel


Prepare table having coloumns Client, Premium Amount , Month.

 

Now take Pivot table of the above table. Take Field 'Month' in Page field and Client in 'Row' field and sum of amount in 'Data field'.

 

If you refresh the data and select the required month you will get the desired information.

 

 

 

Sep 11, 2007 | Microsoft Office Standard for PC

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