Question about Casio FX-300MS Calculator

# How would I compute this problem using my calculator. If my principal is \$6000, annual rate is 4%, years is 2 and the compound period is 2. What is the total amount in compound interest?

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6000 (1 + .04)^2

Posted on Jun 03, 2010

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1 Answer

### When interest is compounded why does the accrued amount not become the principal aount for the next period of time

It becomes part of the new principal. The new principal is equal to the old principal + interest for the period.

As an example:
Principal \$100
Interest Rate 10% compounded annually

Opening Closing
Balance Interest Balance
100 10 110
110 11 121
121 12.10 133.10

Good luck.

Paul

Mar 22, 2015 | Office Equipment & Supplies

1 Answer

### An original investment of 10,000 earns 7.50% interest compound continously, What will the investment be worth in 3 years? 30 years?

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

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

2 Answers

### How much must you invest to get \$500,000 four years from now?

Please see images below. The first one is 500,000 over 4 years with a 4% annual return. The second one is 500,000 over 4 years with a 6% monthly return. The second one is effective right now. More can be found at http://www.acorn2oak-fx.com/managedforexaccounts.html

Apologies but for some reason I cannot upload image 2.

Compare Managed Forex Accounts Providers

Feb 17, 2014 | Sharp EL-738 Scientific Calculator

1 Answer

### I want to invest R10000 in a bank investing at 14% compounded twice a year

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

Nov 19, 2013 | Sharp EL-738 Scientific Calculator

1 Answer

### Principal 10 000 rate 4 compounded 1year time 2years

What's the question? The amount of annual payments to pay off the principal? The future value of the principal? Something else?

May 22, 2013 | Office Equipment & Supplies

1 Answer

### How to calculate on BA-II Plus the number of annual compounding periods

Actually, you don't need the y^x key.

Clear the financial registers with 2nd [CLR TVM]
Enter the present value: 1 0 0 0 0 0 0 +/- FV
Enter the future value: 2 0 0 0 0 0 0 FV
Enter the interest rate: 7 I/Y
Compute the number of periods: CPT N

Mar 24, 2013 | Texas Instruments BA II PLUS Financial...

1 Answer

### We are not obtaining the correct answer when computing the I/Y. The problem is N=30, PV=-500, PMT = 0, FV = 10000. We are getting 126.01

Since you didn't specify what result you were expecting, I can only guess at what you want.

The answer is correct assuming 12 periods per year. To have 500 increase to 10000 in 30 months, you need an annual interest rate of 126%. For a more realistic result, set the number of periods per year to one by pressing 1 SHIFT [P/YR] then repeat the calculation. This will produce 10.5% for the annual interest rate.

Alternatively, if the interest is compounded monthly, specify 360 for N. This will give a value closer to 10% annually, compounded monthly.

Sep 17, 2011 | HP 10bII 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

### A \$25000 home equity line of credit based on 7.8% APR annualized

No. To the nearest cent, the monthly interest is \$162.50. The monthly payments only pay the interest, without reducing the principal.

Apr 15, 2009 | Texas Instruments TI-83 Plus Calculator

1 Answer

### How long will it take wendys \$4000 investment,

Press APPS and select the Finance app. Select the TVM Solver.

Enter -4000 for PV, 0 for PMT, 6000 for FV. Be sure you use the (-) key for PV, not the - key. P/V and C/Y should both be 1 and PMT should be END.

If you want 5% annual interest compounded month, enter 5/12 for I%. If you simply want 5% annual interest, enter 5 for I%. Go to N and press ALPHA ENTER to see the number of periods (months or years according to what you entered earlier in this paragraph).

Feb 25, 2009 | Texas Instruments TI-83 Plus Calculator

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