Financial Calculation

kSimple Interest Mode

•The Simple Interest (SMPL) Mode lets you calculate the interest amount and/or simple future value (principal and interest amount).

AEntering the SMPL Mode

• Press Sto enter the SMPL Mode.

Value Input Screen

ASetting Values

No.

Display

Name

Values Used

in Examples

 

 

 

 

 

 

 

1

Set*

Days in Year (Date Mode)

365

 

 

 

 

2

Dys

Number of Interest Periods

120

(Number of Days)

 

 

 

 

 

 

 

3

I

Interest Rate (Annual)

5%

 

 

 

 

4

PV

Principal (Present Value)

$10,000

 

 

 

 

*For information about specifying the Date Mode, see the “Date Mode” item under “Configuring Settings” on page E-16.

ABasic SMPL Mode Procedure

Example 1: To calculate the interest amount (SI), and the simple future value (SFV)

1.Input the values for 1, 2, 3, and 4from the Setting Values table above.

• For this example, use fc to select 1“Set:”, and then press E.

E-42